$AMZE already diluted by almost 70% since the end of March, will do a 1:8 reverse split and increase authorized shares 8X to 750M
So now you know why the stock did not move much - they have an at-the-market offering and they were dumping shares on us, the retail trader base which was rooting for the shitco.
All of these are from their recent 10-Q which you can find here: [https://www.sec.gov/ix?doc=/Archives/edgar/data/1880343/000149315226023941/form10-q.htm](https://www.sec.gov/ix?doc=/Archives/edgar/data/1880343/000149315226023941/form10-q.htm)
https://preview.redd.it/bn8iihaslg1h1.png?width=1320&format=png&auto=webp&s=5ea29b74c8826f8c8fa4b96631eacac7123e3463
They can sell up to $18 million worth of shares, which at the current prices is 112 million shares.
As of the cut of date on the 10-Q which was for the last quarter they raised almost $1.3 from selling stock. As you can see, they make cash by selling stock, as do most of these shitcos.
https://preview.redd.it/710anghomg1h1.png?width=1325&format=png&auto=webp&s=afb1e63fedb84b997d57dd118d923d6cb138cf2c
However, the bigger issue is this:
As of March 31 2026 they had almost 36M shares outstanding
https://preview.redd.it/fw0j8spwmg1h1.png?width=1064&format=png&auto=webp&s=00033bbcabed89b8af31f6a40904af6e2cde182a
**But as of the date of filing, May 14th, they have a whopping almost 59 Million shares, which means they have been dumping 23 Million shares on the incoming investors and trades over this month and a half.**
https://preview.redd.it/5nc6ghfgng1h1.png?width=838&format=png&auto=webp&s=c410301d0db3a5b272c36a1c283df01fea9e019d
**On their proxy filed on April 29th, they had 45M shares so this implies they sold 13M shares between April 29th and May 14**
[https://www.sec.gov/ix?doc=/Archives/edgar/data/1880343/000149315226020622/formdef14a.htm](https://www.sec.gov/ix?doc=/Archives/edgar/data/1880343/000149315226020622/formdef14a.htm)
https://preview.redd.it/2sejju03rg1h1.png?width=1286&format=png&auto=webp&s=3b6bc6cf6ab73e5630459ff228a7f2dbd5bd992f
So there you have it ladies and gentlemen - the biggest enemy of penny stock investors is management - they are dumping and you are buying worthless paper. In my original note to them I told them to retire the number of shares and become a legitimate company with a legitimate business. I did not hear back from them, probably because it was a quiet period.
The trading action and the ruthless selling shows you that they are amateurs at capital raising as well. now it is obvious why - they have literally nothing to show for in the quarterly filing and are a cash burning machine while enriching themselves in the process.
**BONUS: they will dilute the company to basically zero after a proposed 1/8 reverse split and a huge increase in authorized shares.**
https://preview.redd.it/0v3qj559pg1h1.png?width=1333&format=png&auto=webp&s=e92128aeca7e570b3274780b72d5d870d00a8cb4
Also, they will increase the number of shares by a factor of almost 8 from 100M to 750M and while this is not immediately dilutive, this WILL 100% become dilutive as they dump shares on the public and make money for themselves via salaries.
https://preview.redd.it/g8rzsvaopg1h1.png?width=1329&format=png&auto=webp&s=02be721cd4134ed8fbe7d3ab1dfa2bab1c95e505
Speaking of salaries, they spent $4.5 million on SG&A in a QUARTER, and you better believe that a a good chunk of it has gone in their own bank accounts as salaries.
https://preview.redd.it/cajbokwvpg1h1.png?width=1338&format=png&auto=webp&s=1a80c92d67b22c5937db68b9f86cf0d202b09114
So there you have it - management is enemy #1 when dealing with penny stocks and this management is going to run this into the ground, and most likely get delisted and go bankrupt.
Caveat emptor, do your own diligence, not financial advice - you all have been warned.
Onward and upward - onto the next opportunity - cheers!