Insider buying is usually a good sign of what lies ahead. Who knows there business better than the CEO? And when they are buying shares hand over fist its hard to ignore. This is why AMHD remains a stock to watch going forward. We were happy to give this stock to our paid subscribers at $.0002 and $.0003. It surged to $.0008 before settling at $.0005 x $.0006.
With more attention coming AMHD's way $.001 could come as early as tomorrow. If anything the long Christmas weekend will provide investors a chance to digest why a CEO would be buying back shares at such an impressive clip. This alone should send the stock higher from today's close.
NEW YORK, NY, Dec 23, 2009 (MARKETWIRE via COMTEX) -- Amelot Holdings, Inc. (PINKSHEETS: AMHD) provides an update of the company's operations during the last six months and outlines the program of the business development for first quarter of 2010. Commenting on the last six months, President and CEO Fred Guarnieri acknowledged, "It has been a tough six months, with many speed bumps and detours along the way. They are now no longer an obstacle, and in 2010 we hope to prove to you that nothing can hold us back. Most of our time has been spent doing Company housecleaning, taking the appropriate steps to build investor confidence and interest and also setting the stage for future revenue generating projects. All of our time can now be devoted to these projects."
Guarnieri further stated, "My confidence in my ability to make Amelot a big success is building daily, and I wish to announce at this time I have purchased another 85 million shares of the Company's common stock, bringing my total to 665,600,000, or approximately 15 percent of the Company's Outstanding shares.
"We thank you for your support in Amelot, and the many kind wishes we have been receiving. We hope you all have a great holiday," concluded Mr. Guarnieri.
About Amelot Holdings, Inc. (PINKSHEETS: AMHD):
Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded company, is a diversified holding company that has identified Biodiesel as a multi-billion emerging Biofuel market. Amelot plans to have a significant market share in growing low cost feedstocks to supply the growing demand for biodiesel, to reduce energy dependency of fossil fuels, to help reduce the U.S. dependency on foreign oil supplies and reduce the impact of energy on our environment.
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
Contact: Amelot Holdings, Inc. 1(866)-669-8373 support@amelotholdings.com
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