AMRH - AMERI Holdings: Another Cryptocurrency Short Opportunity
Investment Thesis
AMERI Holdings, Inc. (OTCQB:AMRH), a specialized SAP® cloud, digital and enterprise services company, touts itself as a fast growing company. A look at the financials tells a different story: core growth is completely stalled, operating income has been significantly negative, cash levels have been declining, and the company is in a massive $20 million working capital deficit (about 40% of annual sales).
The January 10, 2018 announcement of a blockchain initiative will initially focus on bringing greater supply chain visibility, traceability and vendor contract simplification (smart contracts) to the AMRH's customers