AgriMarine Holdings Inc AGMHF

Quiet Time = Investor Scrutiny

[kulewater]

Whats going on with these guys? I have tried getting in touch with IR but to no avail. Being quiet is not a good thing. An update or shareholder letter would be nice.

[partyof5]

I find it odd as well that there hasnt been any kind of nr or announcement as of late. Earlier in the year they were issuing nrs regularly. Nothing to update regarding harvests? Expansion? Not sure we can apply the no news is good news here. 

[kulewater]

Precisely. And the action at the close today is concerning. Pps is at .08 and it doesnt look like there is much support on L2.

[partyof5]

Ya unbelievable. Did not expect to see down 30% when I logged on a few minutes ago. Wonder what is going on behind the scenes. Comments / speculation?

[kulewater]

Check it out. The latest Annual Report: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=86746 Some good information there.

[Smokin67]

Company's math doesn't work out, or am i mistaken? From the Revenue section of the report: "For the year ended March 31, 2012, Benxi AgriMarine generated revenue of $778 thousand, an increase of $223 thousand (i.e. 40%), compared to the same period in 2011. The sales volume increased by 150 thousand kg (i.e. 90%), while the unit selling price decreased by $1.82/kg (i.e. 26%) in

[Smokin67]

Sorry, $7/kg is the 2011 price.  2012 price would be 7 - 1.82 = $5.18/kg Which would still work out to $1.63M instead of the $778k reported..?