3SOF

I have some to hold.

Coming back to life!


to bad i sold...maybe i will re-enter...any thoughts? Do we still have a potential winner in our mists?



thanks very much,

julia

Not with that stocklemon.com report on the front page of their website.

Oh..how sad

thanks for your comment rocket88!
check out DDSI its constantly moving thru out the whole day without any major dips.

julia

It's strange... when NAUC drops, so does AMRE, but when NAUC goes up, AMRE doesn't match it.  I guess that's the stock market.

AMRE.OB is an asset play. The assets the company has, NAUC and RBSY, are worth a lot more than the company itself. Asset plays usually take some time to be recognized, but they are safe bets.

There's no way I'll sell AMRE.OB around current prices, I really don't care what that Stocklemon says, the market always know better and he's the one who determines value in the stock market, not an analyst.

I'll stick to the initial plan.

AMRE.OB filed a late filing notification, here's the company's justification:

«The Company's new independent auditor has not yet completed the final accounting review required for the Form 10-QSB.»

Not a problem.

The stock was up 10% intraday yesterday, but then it fizzled at the end of the session. It was a no history day for AMRE.OB. The upcoming quarterly earnings report will be a good opportunity for investors to see the market value of AMRE's subsidiaries and adjust the stock price.

I'll continue to hold this penny stock.

This sucker looks under valued.

Nothing new on AMRE.OB, I'm waiting for the quarterly report to show what's their holdings and what's their market value. Then investors will do the math and AMRE.OB will shoot higher.

That's my expectation. I'll continue to hold the stock.

When will the quarterly report be released? Aug. 23?

Quote from: irod on August 19, 2005, 12:53:40 AM
When will the quarterly report be released? Aug. 23?

I don't know irod, couldn't find that information anywhere 

Today it wasn't, so nothing new on AMRE.OB, I'll continue holding the stock.

8K filed, they completed the buyout out some company for $80k, not entirely sure what for.

http://biz.yahoo.com/e/050819/amre.ob8-k.html

Change in Assets, Financial Obligation Matter



Item 2.01 Completion of Acquisition or Disposition of Assets.
On April 15, 2005, AmeriResource Technologies, Inc., a Delaware corporation (the "Company ") acquired twenty-three million (23,000,000) shares (the "Shares"), or approximately 97% of the outstanding voting common stock, of Voipcom, USA, Inc., a Delaware corporation ("Voipcom"). Although Voipcom currently has no operations, its capital structure and broad base of shareholders position it as an entity that the Company may use to become a home to a yet to be acquired entity.

The acquisition was made pursuant to a certain Share Purchase Agreement, dated April 15, 2005 (the "Agreement"), between the Company and BBG, Inc. The purchase price for the Shares was eighty thousand dollars ($80,000.00), with the purchase being treated as an investment in subsidiaries. The Company has not decided what course of action it will undertake with Voipcom, however, the Company is considering reselling the Shares or placing assets into Voipcom and thereafter attempting to have Voipcom's common stock become publicly traded.


Item 2.03 Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant
On April 12, 2005, the Company executed a promissory note (the "Note") to CIDA Asset Management for $80,000. The Note was executed to obtain funds to finance the purchase price for the Shares in relation to the Agreement (as described in Item 2.01 above). The Note accrues interest at the rate of prime plus three percent, and all unpaid principal and interest shall be payable on or before November 12, 2005. The Note can be converted into restricted stock of the Company at a share price equal to 50% of the bid, based upon a five day trading average at any time prior to November 12, 2005, and upon the mutual consent of the parties.

Sold my AMRE and bought more
HISC.

If AMRE did not rise when NAUC went over $ 3.00, something is wrong, IMO.
Beyond the Lemon Report.
There are plenty of these springing up.
I see commercials for E-Bay drop off all the time and never these companies.

Surprised you are holding so long, David.  What happened to Time Value of Money ?

From David's post:

Quote from: David Randolph on August 18, 2005, 07:08:44 AM
I'm waiting for the quarterly report to show what's their holdings and what's their market value. Then investors will do the math and AMRE.OB will shoot higher.

We got some news on AMRE.OB, an acquisition of a very small company for $80,000 as eduardvs posted.

irod said it all, I'm waiting for the second quarter earnings report on AMRE.OB and see what the investor reaction will be. In the meantime, I'll hold the penny stock.