ebdb_bnb said:
FbgTxAg said:
TChaney said:
gigemJTH12 said:
any thoughts on the two stocks this guy feels strongly about?
3rd reply
https://texags.com/forums/57/topics/3178200
I'm not going to crap on his thread but I'll post here since you asked.
But I looked into ABML
I'm not touching it.
Positive
Nancy Pelosi's son on board
Got a govt grant recently
There will be a push for electric cars and batteries for them
Negatives
Their company headquarters is a postal box in a strip center
Almost all expenditures have been salaries for the guys running the "company"
They have not even paid the taxes yet on the land the new recycling facility is going to be built on.
Due Date Penalty Date Status Original Total Penalty Total Paid Total Due
01/04/2021 01/15/2021 Past due $2,588.00 $103.52 $2,691.52 $0.00 $2,691.52
Owners getting stock awards and selling them
CEO Douglas Cole settled out of a case involving securities fraud in 2017.
Local area residents not in favor of a battery recycling plant being built in their purchased location, may be a NIMBY issue.
Personal note.
The guy pushing it is mentioning things like "wait for an announcement in March" and "There is a new high profile person joining the board". He claims this is public knowledge but no one can seem to find this info in the public arena. I'm pretty good at digging too. The guy pushing it is a commodities trader for a LP gas company in Houston.
Fundamentals matter? What are the fundamentals for GME, AMC, EXPR?
Fundamentals matter when you are talking about a long term investment. GME, AMC and the like aren't long term investments and whoever said they were.
Supply and demand of shares is driven by fundamentals in this case, scarcity. That's how this whole thing got started, GME shares were identifiably in short supply. So people bought them knowing that their scarcity would send the price higher, and knowing the demand be there from shorts to close.
So maybe fundamentals of GME a aren't good, but if we remove GameStop and just look at their shares only, and the short interest created this demand. And if it weren't predictable supply and demand, it wouldn't have been identified and have come to pass.