Nelly Shishkova

Amerilithium Corp. (OTC:AMEL) Falls Down Despite The Series Of Promotions

by Nelly Shishkova September 15, 2010

In May this year, AMEL used to trade at $1.80 per share, however, after that the price fell under $1. In the meantime, its traded volume was flying up due to the promotions and the positive releases by the company.

Amerilithium_logo.jpgThe financial report of Amerilithium shows that it has not generated any revenue and gross profit since its creation, though it has incurred increasing net losses and huge expenses. The company has registered more assets than liabilities, however, its stockholders' equity is progressing up, presently reaching over $7 thousand.

According to its 10-Q report, by the end of this June AMEL "had suffered losses from development stage activities to date" and now the company is out of cash. Currently, despite its efforts to support itself, Amerilithium keeps moving down and its future cannot be predicted.

In that case, we can only repeat the claim of the company, that "Our ability to continue in existence is dependent on our ability to secure additional funding and comment full scale operations".

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