| An SI Board Since October 2001 |
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AAMI |
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AMERICAN AMMUNITION (OTCBB: AAMI) Anti-Terrorism Play. Here is what I have been able to find on the company:
This is a new penny stock issue which IPOed last monday. . Defense Department Affiliation: AAMI has designed and manufactured a specialized type of ammunition that can safely be used in airplanes that will not damage the fuselage of the aircraft.
(AAMI), formed in 1983, is a fully reporting company that has grown to become a significant force in the small arms ammunition market. Products can be found throughout the world in commercial, law enforcement, military applications, and special order ammunition for the Department of Defense.
My understanding is that the company has over $7 million in assets and less than 4 million shares in the float. Revenue has increased by more then 20% for several years and is expected to continue to do so through 2005.
Look for a news release Thursday Oct 31 As a matter of disclosure, I bought 1000 shares. Please do your own DD. bd
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