Non-reporting penny stocks can be extremely risky plays and none are a greater risk than OTCMarkets “STOP” sign issued Amarium Minerals, Inc. (AMMG). Failing to report to any authority since deregistering 4 years ago, AMMG stock is hoping to grab some bag holders off their intent to purchase the Jovita Copper Mine in Michoacán, Mexico. With all the signs pointing to another SRGE fiasco, how this non reporter can come up with $6.1 million over the next 3 years is as feasible as any couch potato out there becoming the next gold medalist 100m freestyle swimmer in Brazil in 2016.
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AMMG Stock Quote
Market Cap: ?
Average Volume: 11,005
Issued and Outstanding: ?
14-Day Rel Strength: 65.64%
14-Day Stochastic: 92.86%
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At first glance, one would be an idiot not to play Amarium Minerals and their minuscule float of a penny stock. Showing just 1,478,556 shares of AMMG stock issued and outstanding as of August 31, 2006, it’s pretty easy to see traders get deceived into believing the hype of Adam Carter’s plans for acquisition, exploration, development and production of copper, gold & silver mineral properties in Mexico.
The acquisition which involves at least 1 million shares of AMMG stock is focused around the Jovita Mine; a 250 hectare mineral concession and production facility located in the Mexican state of Michoacan. According to the company’s report, the current mill operation allows for ore to be processed onsite into copper concentrate for shipment to foreign buyers. Michoacan apparently is a historic mining region in Western Mexico with a large deep sea port located along the Pacific coastline that is well situated for transport and the supply of Western U.S., Asian and other Pacific Rim markets.
Looking a bit deeper, it’s pretty easy to see the scam involvement that’s tied down to the company’s headquarters. (source) One of the more notorious scams to come from Amarium Minerals’ address involved Unified Services Corp. a company started in July, 1997 by Michael T. Warren who also runs scams under the names:
- Wealth Investment Network;
- The Warren Asset Institute;
- The Michael Warren Group;
- Unified Services Corporation;
- New Castle Marketing;
- Michael Warren; Global Investments; and
Warren had published himself as a real estate, get rich quick guru, who by using foreclosure transactions and a number of other “gain wealth” trickeries was able to pull thousands upon thousands out of the pockets of those willing to believe the BS. One of the more lucrative entities was when they played the part of being tied to foreclosures.com with Warren wearing his “foreclosure guru” hat before his arrest in Colorado (2003) for “fraudulent financial practices”.
What’s this all got to do with Amarium Minerals and AMMG stock? It doesn’t take much to put 2 and 2 together to see how it will all add up to 3 at the end of the day, maybe even less. AMMG is already considered “DARK” by OTC standards which only amplifies the chances of seeing 0.33 turn to 0.23 or 0.13 in a rather short time frame.
About AMMG Stock
Amarium Minerals, Inc. supposedly is an emerging exploration company focused on the acquisitions, exploration and development of copper, gold & silver mineral properties in Mexico.
5940 S. Rainbow Blvd
Las Vegas, NV 89118
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We know penny stocks and a play on AMMG stock is like rolling around in gasoline before going to the Memorial Day weekend barbecue. Their are a ton of better plays in the market than getting duped into another copper/gold/silver mining stock that’s using plastic shovels to push out the dirt for PR purposes.
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