On September 3, 2013, Amerilithium Corp. (the "Company"), relinquished approximately 12,130 acres of its mining claims in Nevada (the "Disposition") due to failure to meet certain work commitment expenditure and maintenance requirements. The Company currently holds mining claims over approximately 600 acres on the Company's remaining Nevada properties comprising of Full Monty, Jackson Wash and Clayton Deep. Having paid the maintenance fee's for 2013/2014 to the Bureau of Land Management, Nevada.
Prior to the Disposition, including its claims in Australia and Canada, the Company held mining claims over approximately 704,868 acres of land. As of the date hereof, the Company still maintains all of its mining claims in Australia and Canada and 692,738 acres overall, representing a reduction of approximately 2% of its mining claims or approximately $1,600,000 of the Company's assets.
The Company still intends to pursue a partial drilling program on the mining claims it still maintains on Full Monty, Jackson Wash and Clayton Deep. The Company is seeking to raise the capital necessary to conduct such a drilling program but no assurances can be made that capital will be available on favorable terms or at all.
You fellows should be happy. I came in at over $1.00 and have seen my $30,000 go to $1,000. Obviously, there is no need to sell at this point. I'll just enjoy the ride. If we crash, we crash. It's only money.
You already have a loss. Selling would simply "recognize" the loss for tax purposes. When the value fell you had a loss. This stock will never come back because they are not in the business of lithium. Their business is selling stock to people who cannot recognize a simple "pump and dump" scam. If you tried to sell now and you had any significant block of shares, there would be no bid for the shares. If you sell a small block, you may net enough for a local bus ride.