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?

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meassassin
Member
January 17, 2014 8:21 pm

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

👍 22
poppajohn
Irregular
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
meassassin
Member
March 5, 2014 3:29 pm