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Anyone heard about any updates on this company....been trying my DD but looking for anything insider or announced yet....afaid I am going to lose my....you know.
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pbajeff You definitely not doing your DD on this stock. Check google finance for their latest PR. Has enough cash to continue operating for the next 15 months as is.
AMNE Issues Corporate Update Including Financial StrengthFont size: A | A | A8:30 AM ET 9/2/09 | Market Wire American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) is pleased to have completed the process for the Company to receive a PS status from Pink Sheets. AMNE has integrated all of its accounting to make it easier to produce its financial statements in a timely manner so it can maintain the PS status and improve its future listing status.
The Company reported in its financials for the period ending June 30, 2009 sales of $417,050 with the majority of the sales coming in the months of May and June, the Company also reported cash on hand of $128,127. The Company currently has cash on hand of $230,000 and receivables of 360,000, which the Company believes will be 100% collected over the coming weeks. AMNE has a monthly burn rate of $40,000 per month with the combined cash and on hand and receivables the Company can sustain operations for 15 months without any additional revenue.
Currently the Company is working on expanding its sales force through Paradigm for Ecosafe Foam, which will help to preserve and grow the Company's cash position.
The Company believes all other remarks made in the release
-------------------- dont make yourself loose money in a stock that you had a resonable profit in
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I am at a loss until it gets to .0023 maybe be a LONG while before I am even....if I stay that long...this is been a bothersome ride
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Here's the NEWS. I live in Broward County, FL - when they certify the company here - I may go take a look! I'm actually having FPL, the electric co. here, doing an energy audit to get them to help pay for attic insulation for one of my rentals properties. Maybe AMNE will be doing that too! The electric co. pays the insulation co. about 1/3 and I pay 2/3.
Today's news is doing NOTHING for us.....Geeez
AMNE Delivers Truck to FL Group and Certifies Installer AMNE Delivers Truck to FL Group and Certifies Installer NEW HAVEN, CT, Sep. 8, 2009 (Marketwire) --
NEW HAVEN, CT -- (Marketwire) -- 09/08/09 -- American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) is pleased to announce they have delivered the outfitted Sprinter truck ordered by Ecosafe Insulation of Florida, LLC (ECOFL) and have certified the first installer.
The Truck was delivered to Hernando County located on the West Coast of Florida. The certification was done on the home of the sales rep. The team from AMNE went down to FL to certify the first installer in Hernando, a licensed contractor who two years ago saw his mason business come to a halt.
Two more installations are planned in Hernando and Broward Counties over the next few weeks at which time a film crew will be on hand to document the process for FL style homes, which are built using cement blocks and stucco coating on the outside. The new video will demonstrate to homeowners that when the job is complete their home will look the same.
ECOFL plans on ordering two new trailers from AMNE, one to be located on the West Coast of FL, the other to be located in Broward County, FL as it begins to ramp up operations.
The Company believes all other remarks made in the release to be accurate to the best of their knowledge.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Source: Marketwire (September 8, 2009 - 8:50 AM EDT)
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Can someone shed some light on this for me? We get positive news, and the stock drops everyday since then? Why are we not seeing an increase in price? All the information I can find on the company appears to be positive.
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Well I can't speculate on stock price reaction to various forms of news. My experience has been that the price will typically go up when there is news of mergers, buyouts, sellouts, major business contracts, financing etc. Other types of news (management changes, new product releases, etc tend to have a smaller effect unless of course it's life changing technology breakthrough of sorts. What i do know about this stock is that it has been in a downward trend for at least 2 weeks now and getting close to it's 52 week low. Also for the past week it has been trading lower than the lower Bollinger Band so that means it's way oversold. The candlestick patterns are kind of hard to interpret, but one could presume that the last day hammer pattern would also indicate a reversal in trend. I think we'll see a rise over the next week, and some positive financial news could shoot this one high in my opinion.
Anyone else have any alternate opinions or views?
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American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) is pleased to announce the Company is entering into a joint venture with Ecosafe Insulation of Florida, LLC (ECOFL), the Company that controls 5 territories in FL.
The agreement would allow ECOFL to market Ecosafe Foam and Infinite R in 14 states running from North Carolina to California. AMNE and ECOFL would share in the revenue under the agreement. AMNE would supply all the Ecosafe Foam and access to Infinite R to ECOFL at cost. In return, ECOFL would be responsible for setting up logistics to handle all 14 states, marketing, sales and installation.
AMNE believes the transaction will allow the Company to grow at a more rapid pace and reduce the financial burden on the Company, generating a revenue stream for the company.
ECOFL is working with a PR company it retained to roll out a media campaign in Broward County. This will give ECOFL exposure on local news stations and newspapers that cover the major counties of South Florida.
The Company believes all other remarks made in the release to be accurate to the best of their knowledge.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
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Any insight or predictions with the new announcement? Sounds like they are really getting dug into the business now. I would love to hear other investors concerns, or positive input as I am in this ear deep for a long while it appears.
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In my mind, this latest round of announcements is all good stuff in preparation for revenue and margin growth. If we begin to see the financials go up, the stock should follow it. If we see any annoucements on financing or 3rd party money infusion, then it should really take off.
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AMNE Increases Its Assets by $8 MillionFont size: A | A | A8:21 AM ET 9/17/09 | Market Wire American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) through its joint venture with Ecosafe Insulation of Florida, LLC (ECOFL) will increase its Net Assets by $8 million dollars in the third quarter.
Under the terms of the agreement with ECOFL, AMNE is entitled to half of the revenue generated from ECOFL. ECOFL will be completing a reverse merger in the next few days and will issue AMNE a fifty percent equity stake in the new company. At the current market value AMNE would realize a gain to its Net Assets of $8 million dollars.
Once the merger for ECOFL is complete and the shares have been issued to AMNE a joint press release will be issued alerting investors as to the symbol of the ECOFL.
AMNE will only be a shareholder and joint venture partner in the ECOFL is merging into. The Officers and Directors of AMNE do not have any interest in the company outside what will be owned by AMNE.
The Company believes all other remarks made in the release to be accurate to the best of their knowledge.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
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Lots of sellers taking profits on this....strong start. Get in at the dip which is right now in my opinion cuz it will take off from here.
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I think this is about all we are gonna get with no news. Great support at 0.0012 and very thin on the ask all the way to 0.0025 Some positive financial news will bust this one wide open to the next level. About 4 times the average daily volume today which is over 1B shares. Major consolidation, price holding from Friday with with nice gap this morning toi help out the profit takers. In my opinion this one will continue to rise this week to levels beyond expectations.
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