Reality - No More ExcusesLook, I like AMY, because everything sounds good. But questions still linger and Larry does nothing but raise more concerns. Yes, AMY has huge boom potential but also equal bust potential. I am in for the boom, but also will be happy with a modest gain, which I have attained. But I also don't want to lose my gains in a bust scenario so hence my beef with Larry.
First off, I attribute ZERO credit to Larry for the so called Biden bump. We are absolutelty 100% in happy to be here stock price territory. No matter how you slice it there has been no material news since the stock was at 20 cents to push it to the $2.80 mark. Hence, the free fall. The only thing holding AMY afloat around the dollar mark is the potential of a pending deal. Anyone who follows AMY knows that there really is nothing left to risk out, so a deal should be soon. If not, then there is obviously a problem somewhere, either with AMY or Larry that is holding things up.
Li-Cycle is getting contract after contract and lots of investors/funding. They are now building another U.S. plant. Redwood Materials has almost 1 billion dollars in raised capital for their recycling process. What does AMY have.....nothing but a few no name unproven MOUs...oh yes and all those wonderful NDAs.
Can AMY go it alone, maybe, but AMY will take a huge stock hit if that's the case. Larry has stated again and again that he wants a joint venture partner (for years). AMY investors need to ask why hasen't that happened? Larry is trying now to state that the numbers aren't ready for deal talks....but somehow you wanted a deal years ago without them? Larry is full of double talk and nonsense, but yet is still able to lead investors on with little tidbits of hope. Those tidbits are Tier one material sent out for testing and the Wenden Stockpile deal. Either could help AMY stay afloat.
But the silence is deafening. Others are making big deals, I am not sure who is left. Maybe Redwood Materials should buyout AMY, which would make sense, but it looks like they really don't need them. AMY has nothing to offer at the moment except for technology, that no one apparently wants.
I have said before that engineers can easily price out equipment and Larry needs to stop stalling on this issue of not knowing the numbers. He is only fooling the uneducated. Larry needs to save AMY by doing something or at least let investors know what is going on.
Waiting on Wenden? Waiting on Tier One response?....What happens if both are a no......Then what?
AMY just finds scrap from wherever and sells finished product to various not noteworthy customers....Stock back to 20 cents for decades.
The Reality is.....this will happen this year, nothing left to determine, deal equals boom, no deal equals bust.
Up to you Larry to save investors...we are waiting.