Hey everyone, I posted about AMPX just 8 days ago and I already have a lot to cover. This stock has been very active since the and a lot when down, both good and bad.
The Good News
On May 19^(th), AMPX announced a partnership with Matternet to advance drone delivery. If you read my first post, you know the drone and aviation angle is exactly why I am bullish here, so this felt like a direct conformation of my thesis. Matternet is one of the leading companies in autonomous drone delivery and is working in places like the US and Switzerland, so this is not a small name. This partnership is focused on improving both the performance and the economics of aerial delivery. Basically, they want to make drones fly farther and cost less to operate. Batteries are the key to both. This deal is exactly what I was hoping to see, and it shows that some serious companies in the drone space are choosing AMPX over its competition.
The Bad News-- Short Seller Report
On May 19^(th), AMPX announced a partnership with Matternet to advance drone delivery. If you read my first post, you know the drone and aviation angle is exactly why I am bullish here, so this felt like a direct conformation of my thesis. Matternet is one of the leading companies in autonomous drone delivery and is working in places like the US and Switzerland, so this is not a small name. This partnership is focused on improving both the performance and the economics of aerial delivery. Basically, theywant to make drones fly farther and cost less to operate. Batteries are the key to both. This deal is exactly what I was hoping to see, and it shows that some serious companies in the drone space are choosing AMPX over its competition.
My Take
I definitely want to let people know that there are big, REAL, risks with any high growth pre-profit company, but most of the specific allegations fall apart once you do some digging. I'm still holding and believe in the long term with this company. Hopefully, the short report falls apart soonm or at least gets adressed. Im just praying that the allegations are false or that they were just extremely exaggerated. Oh, I also bought more stock a bit after my first post on the dip. just wanted to be transpatrent on my trades. Anyways, this is not financial advice, just a teen sharing his investing journey. Good luck to you all, and good luck to AMPX. Thanks for reading my post. :) Please let me know what you think about all of this happening right now and let me know if there is anything wrong with my post or what you think about it. -Thanks
Position: Long AMPX, bought in at \~$4.50 around 2 years ago, added more last week at \~$15.50, currently holding.