The market is reacting to a significant amount of shares that are about to come out of Escrow. 12 month lock up period is expiring on 10 December and that will see a huge amount of shares suddenly become tradeable. This is not to say it will cause a selling frenzy, but justifiably has investors nervous. We may see a short term, sharp move lower if any current or former employees need to liquidate large portions their shares (to pay personal debts for example)
I'd say its likely a market overreaction and we won't see much selling pressure after 10 December. The company is doing well and unless employees know something we don't, they should be on board with the fact that AMX shares are likely to move materially higher over the bext 12 months.
If employee selling pressure remains low after 10 dec we may see a sharp recovery above recent highs as this will boost investor confidence.
AMX Price at posting:
$1.15 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)