I admit , Friday I jumped in and because I could not believe the...

I admit , Friday I jumped in and because I could not believe the price.

The situation is this.. AMA has about 3 million and a bit in the bank..

they NTA is -10... Since they have allot of debt....

So if they went broke tomorrow we would be left shirtless.

However, the PE is 1.57.... This year is the make or break... reason being,

last year the increase in rev attributed to shares issued and borrowed money.. Around 29 borrowed and 19 from shares placement.. lets take away the 48 million.. we still get a PE of roughly 3.....

I really think and from information I have received that AMA will pull themselves out of this mess in the short term..

If AMA stick to no acquisition for 2 years and run the business on hand we should see a nice EPS or PE comeout. It will be better than 1.57 PE, but I can not commit a number as I need to analyse. From a broker report the eps was around the 20 cent mark...

I am in and hold for short to long.. lets see how this pans out.. but for newiest AMA has sound sound management..