RE:gold property spinoffs a good thing I found your post about AMY very similar to my own views of the company.
I have read valuable information on this board and I have also read complete nonsense.
I have been call a pumper but I have never suggested to anyone to buy this or any other stock. I have and continue to only post that which I know to be true. I do not post feelings or speculations. I know nothing about mining and have no insights to what is going on that anyone else would.
I do often email my questions to Larry and he almost always replies with an answer to my question or tells me he is not able to answer me. I have never even heard of a CEO that is so accessible to the stockholders.
A friend had told me about AMY having a new way to mine that was clean and revolutionary so on 4/14/2012 I bought my first shares for 40 cents.
Then it appeared the whole concept was dead and it crashed and burned. I just let the stock set as I thought it still retained some value as the company still owned a lot of property and I thought it would recover to some extent.
When it got down to 1 cent US in March 2015 i called someone (don't remember who it was) at AMY to ask what the company owned and what the value was. I don't think I got real solid information but I do know at the end of the call I was convinced the assets of the company were much greater than a US penny and the process they had developed still had a lor of value.
I loaded up with shares between 1 and 3 US cents and am very pleased I did so.
So in my circumstances I feel like I bought a load of shares very cheaply in the spinoff company and the resurrection of the tech piece is gravy.
It seems folks get frustrated as things do not get done as quickly as they like with the new technology. Personally I expect it to take a long time and there to be many delays. It is new. Any time you create something new you can not predict what sort of problems you will run into. Prediction is based on previously obtained information. When it is new there is no previous information.
If asked how long it will take me to walk to the store I can give a good guess if I have walked there before.
If I have not walked there before but know how far it is I can give a less accurate guess.
If I do not know where the store is I can not even guess.
This stuff has never been done before and you can't just go to the hardware store and buy it.
i find it amusing when folks claim that Larry is just stringing us along so he can get a pay check or other such nonsense. He went for a long period of time not receiving a pay check to get this going.
I have faith that this will turn out very well for me but also have no illusions that there is not a possibility that I will lose all my investment. We shall see.
A lot of folks are upset about the PP for $2,000,000. I see that as a very good sign as it shows someone with some bucks has a bit of faith.I don't know but I think what really prompted the PP right now was someone asked to invest $500,000. If someone was willing to put up half a million I'm thinking that had a good idea what they were getting into.
Did anyone think we were not going to need funding of some type?
One of the most encouraging things I find are the questions I ask Larry that he replies that he can not answer the question.
When I ask if AMY is talking to a specific company and he tells me that would be confidential information it makes me wonder....
Onward.