posted
AMRE's holding $20.5 in marketable securities (RBSY+NAUC}, yet the AMRE pps is less than a penny.
AMRE:S-8 is done according to 10KSB OS numbers. From the 10KSB:
The issuer's revenues for the year ended December 31, 2005, were $149,321.
The aggregate market value of the registrant's voting and non-voting common equity held by non-affiliates was approximately $1,478,830, based on the average bid and asked price for the common equity as of a specified date within the past 60 days. On April 12, 2006, the number of shares outstanding of the registrant's common stock, $0.0001 par value, was 147,883,056.
MARKETABLE SECURITIES
At December 31, 2005, the Company held 25,000,000 million shares of restricted common stock in RoboServer Systems Corp. and 25,000,000 million shares of restricted common stock in Net2Auction, Inc. These Company are listed on the Pink Sheets. The Company has held these shares since December 2004. The Company would be able to sell it's securities under the R-144 regulations. The financial statements do not reflect any values for these securities.
RBSY closed yesterday at .35. NAUC closed yesterday at .47. 25 million x .35 = $8,750,000 25 million x .47 = $11,750,000
And NAUC must have some kind of unannounced deal with a shoe supplier because there are enough new shoes for sale on the Net2Auction site to fill Imelda Marcos' shoe closet.
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by superman7: this one is ready to run volume is coming in and its an oil play that hasent moved at all its ready to breakout only at .01 right now!
I just read through the 10K, can you please post the oil part because i cant seem to find it. thanks in advance!
Posts: 2503 | From: connecticut | Registered: Mar 2005
| IP: Logged |
AmeriResource Technologies, Inc. operates as the holding company of West Texas Real Estate and Resources, Inc., which engages in drilling and deepening of existing wells on its oil, gas, and mineral lease in Texas.
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
| IP: Logged |
posted
AMRE's market cap equals 14% of marketable securities it holds in NAUC and RBSY. No death spiral financing, not much debt, and no reason for it to be sitting at only a penny.
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
| IP: Logged |
posted
from the 10K.............> looks like they may be out of the oil buisness>>>>>>>>>WEST TEXAS REAL ESTATE AND RESOURCES, INC. (WTRER)
The oil lease, which had been entered into by WTRER on or about October 4, 1999 and then was acquired by the Company in July of 2000, expired pursuant to the terms of the lease on October 4, 2004. Therefore, the Company adjusted its balance sheet and income statement during the third quarter of 2004.
Posts: 2503 | From: connecticut | Registered: Mar 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
