If you go to AMIC facebook page, at the very bottom left, on Jan 19,2011 there is an article with one paragraph, that the CEO may be in talks with China. AMIC links the article, not from the source itself, but from Pardagimwizard. on Investorshub. Pardagimwizard is the same ID that said two weeks ago that a long time shareholder had a cash crunch and had to sell, and also said the CEO just got back from overseas doing a massive deal, and it would be announced shortly. Well we now know that it was not a long time shareholder, but a sell-Off of 3 million shares to raise capital. So is this guy either very close to someone in the company, and got the wrong info, or did he lie?
It is evident that this Pardagimwizard is either very close to someone in the company, or an actual insider. AMIC is not just going to link some nobody's ID off of investorshub.
The problem is if this guy is giving out false info, or insider info that shouldn't be given out
Well I think I am going to stick this out. If a hedge fund made the deal at .15 and can buy 5 million more at 17 before 2015, then they must think the stock will be much higher by then. They didn't even get any cash or interest. It was just shares for the investment. I've seen companies get absolutely thrashed in equity deals.
If the stock drops down to .10, I will buy more. But otherwise I will stay put with my current investment.