Originally Posted by mouserman
Yes sold all my position in AMRS , not that I dont think there will be more upside in the future , but it just looked a bit overbought and I liked the value in WGDF even more. Never hurts to take a triple in 3 weeks - many times I have got stuck not taking a profit when its there. As fas as future prospects for AMRS , i believe once they prove up some drilling and 43-101 resources this stock will head north again. It is still definitely on my watchlist and below .20 its starts to look very attractive again.
Also watch to see if PGDP drops more as that affects the value of AMRS as well, since they will own at minimum 700 ,ooo shares and about a million if PGDP fully vests into the deal.
Thank you very much for reassuring me about AMRS. For a while there, I had a fear that you had maybe discovered something negative about the company and its stock.
I still own this stock and have been trying to discuss it on another board. However, there are a couple of posters there who are trying to claim that it is a scam stock.
Here are some comments and questions one of them raised today:
"Just who are their officers? Biscan supposedly has 8 years experience with publicly traded companies, but damned if there's a single google hit that doesn't have to do with American Stellar Energy.
Is there a reason the CPA of the company, head of investor relations, is the administrator of the "novak capital" web site?
Why is there no information on the web about Alfonso Saavedra even though "his achievements include the development of the award-winning energy efficient community of "Village Green" in Sylmar, CA"?
Most puzzling of all is why the website would be registered through "domains by proxy". Oh, sure, there are legitimate reasons to do so but why would a publicly traded company be so concerned about people knowing who registered the website.
I really can't find too many publicly traded companies that do that. At least not ones that aren't darlings of Novak Capital.
The headlines at novakcapital make it appear that American Stellar and company both discovered a seam, and the news from that site leads to alphanews.com, registered with a foreign proxy. Which is blank."
If you find a spare moment or two, I would welcome come comments as to how to respond to any of the above.