AMERICAN LEISURE HLD (OTCMKTS:AMLH) is sitting strong at $0.03 base on moderate volume. The stock ran big in February after new kids Finestpennystocks.com, Smartstockchoices.com, Bestamericanstocks.com and Elitepennystock.com announced it as their pick.
New kids prior picks were MEDA which ran from around $0.02 to well over a dime and Glenmark Capital Corp; GLRKF which they took from illiquid at $0.20 to well over $0.60 on spectacular volume the new kids brought us AMLH which exploded from a start point of around $0.10 to highs of $0.40.
AMERICAN LEISURE HLD (OTCMKTS:AMLH) is focused on investments in the North American oil and gas sector. The Company’s wholly owned subsidiary, Wroblewski Oil and Gas (WOGC), is a distributor of a leading international manufacturer of transportation fuels and petrochemical products.
WOGC’s brick and mortar businesses include a retail and wholesale gasoline station, a convenience store, car wash, doggie wash, and coffee drive-thru located in Zelienople and Coraopolis, Pennsylvania. The Company’s growth strategy includes several potential projects in oil and gas exploration focused on acquiring drilling prospects, participating in permitted frac sand operations, and utilizing existing relationships to broker the sale of refinery byproducts
In recent news the Company reported on initial results for lottery sales in the petroleum and convenience store location recently acquired by its wholly owned subsidiary, Wroblewski Oil and Gas (WOGC).
As part of the expansion and growth plan for their second location, WOGC received approval from the Pennsylvania Lottery Commission to add the sale of online games and instant lottery tickets to their convenience store located in Butler County, PA. Since the introduction of the new location in early January to date, the Company is averaging approximately $5,400.00 per week in gross lottery sales. The number of customers purchasing online gaming and lottery tickets is approximately 500 per week.
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Consumer demand for instant lottery products continues to catapult Pennsylvania as one of the leading lottery states. The Pennsylvania Lottery is the only US lottery that targets all of its proceeds to programs for its elderly residents. Since the beginning of the Lottery in 1972, more than $20.1 billion has been contributed to programs.
Bestamericanstocks said on February 17 ”Is it realistic for AMLH to double this week? AMLH has now been sitting at 30 cents for about 7 days. The last time the stock sat flat for 7 days it surged up more than 10 cents in just one day.
History could repeat itself today and we could see shares of AMLH jump up as high as 40 cents or more in the coming hours. The company is actively expanding and increasing shareholder value by the day. It is only a matter of time before shares in this company “awaken” and go nuts.
We could see AMLH hit as high as a dollar per share before the end of the month should a short squeeze and exciting news come into play this week. If you are thinking about buying AMLH now could be the best time to do so while it’s still under 40 cents.”
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Currently trading at a $48 million market valuation AMLH has nothing on the books to suggest anywhere near this type of valuation and no revenues to date. The new pick from new kids Bestamericanstocks has already been designated with the caveat emptor designation from OTCMarkets and does not look good from here; short term AMLH could easily see a nice pop still, long term it cannot maintain this type of valuation and could drop farther.
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Disclosure: we hold no position in AMLH either long or short and we have not been compensated for this article.