written by reader AMBCF

By myles, November 16, 2013

Travis would you still buy AMBCF ? Do you know the time frame on the lawsuit that is pending?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.



This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inline Feedbacks
View all comments
January 17, 2014 8:21 pm

I’d certainly be interested in anyones thoughts on AMBCF.

👍 22
January 18, 2014 3:09 pm

I brought at about 7 cents per share right before they lost there legal case and lost their mine. However they got 15 cents a share in cash as part of their settlement so I was prepared to stay for awhile. Their very first acquisition was a convoluted affair involving offshore corporations, selling a mine and taking a 37% position in the company that now owns 100 percent of the mine and investing $615,000 in the company to develop the mine. Since that time they have increased their royalty agreements from 11 to 55. I am not sure if any of this is good or bad but I am sure that I don’t understand much of what they have done. I sold my small position for a small profit around 7.7 cents per share. I think it is near a bottom, but cannot think of a single reason to buy it at this time. This is not advice, just my experience and position. Have fun, They have been cranking out press releases so their is a ton of information available. Read it and if you can find a reason to buy pass it along. They are still on my watch list.

👍 27
March 5, 2014 3:29 pm