the management when I bought in drove the SP towards 90c from sub 5c. Then management changed, and drove the SP back down. I chose to ride it out, and wait for the inevitable management change that has now occurred with the SP now climbing.
Thanks Crock. Your story is mine. I'm a LT holder. I bought in at around the mid-50s. I've averaged down a bit. But a few remarks on your "wait for the inevitable management change". Sorry Crock, but it doesn't always happen that way. There is no guaranteed "inevitable". AMI shareholders were fortunate that the BoD found some gonads (possibly at the insistence of the larger shareholders), drew a line in the sand, and sent the guy on his way. I've seen weak Boards just accept the situation. We LT investors have been fortunate with the arrival of a highly skilled no-nonsense shareholder/manager who takes no prisoners and won't tolerate crap.
All the best Crock. Regards Stretguy.
AMI Price at posting:
17.5¢ Sentiment: Hold 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)