AmpliTech (US:AMPG) investorplace.comยท2024-05-17 12:20Group 1 - AmpliTech (NASDAQ:AMPG) stock is experiencing a significant decline of 34% following a late quarterly filing notice to the SEC [1][2] - The late filing is attributed to issues related to the company's trading of digital currency, specifically involving $3.25 million worth of crypto that is no longer accessible due to a potentially fraudulent custodian [1] - The company anticipates reporting a net loss of $4.7 million in its upcoming earnings report, a substantial increase from a net loss of $582,000 in the first quarter of 2023 [1] Group 2 - AmpliTech's stock is seeing heavy trading activity, with over 60,000 shares changing hands, more than double its daily average trading volume of approximately 22,500 shares [2] - The company plans to file its quarterly report in accordance with Rule 12b-25 of the Securities Exchange Act of 1934, and it asserts that its systems and records were not affected by the crypto investments [1]