posted
Good point!! I was looking at the pics on their site and it looks like they got some Mack Trucks. Im glad to see that as i own some mack stock and used to me the service manager at our local Mack dealership.. They got my vote all the way!!
quote:Originally posted by QuestSolver: they should be punching holes soon! Mid to long play here,be patient,the cash will flow soon.
couldnt have said it better we will be making alot of money very soon good luck all
Posts: 629 | From: new england | Registered: Feb 2005
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posted
Am I going to loose my shirt if I buy in at .06 boys? Please advise..... what is everyone expecting this beast to hit? I got in too late.... Oil and Gas stocks.... also check out TKGC... It may be the next explosion...
Posts: 181 | From: Alberta, Canada | Registered: Oct 2005
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posted
well i couldnt say weather or not you will loose your shirt but i plan on buying alot more amep i see .06 as a bargin. it really all depends on how much you are willing to risk.for me its not that much of a risk.because i only trade profits from the big board on otcbs and pinks if i make good money then the profit goes back into the big board.
if amep continues to drop ill wait and buy more . is it a gamble? of course it is.we could find out that the drilling rig is broken and the shale is out of gas.doubt either one will happen but it is a gamble that im willing to take personaly im hoping that it goes to .05 then i would look like a genuis for selling at .0695 during the last run,...lol good luck to you
Posts: 629 | From: new england | Registered: Feb 2005
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posted
then again that was one million free shares so i would say amep has treated me real well and im sure it will again
Posts: 629 | From: new england | Registered: Feb 2005
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posted
it could go down to the low 50s. i'm going to wait a little. got some at .0066 and sold at .0086.
Posts: 100 | From: San Francisco | Registered: Sep 2005
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Lisbon - A source from Galp Energia said today that Galp Energia will launch a takeover to American Energy Production Inc. Galp Energia, will notifie next monday the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of American Energy Production Inc shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid. Galp Energia will launch a takeover bid for American Energy Production Inc with the payment of $0.10 US for each of the that responded to the tender offer, this initial offer could reach the limit of price of $0.15 USD for each share of the company. About Galp Energia :Born in the year 2000, Galp Energia is the holding responsible for the reshaping of the portuguese energy sector, in the oil and natural gas businesses.Our goal is to build a national oil and gas company, compliant with modern international standards, to be a key player in the Portuguese economy, and to grow in the international energy industry, by becoming a relevant competitor in the Iberian market. Our commitment is to secure the consumers' preference through integrated energy offers and complementary services in the markets where Galp Energia may obtain competitive advantages, adding value to the shareholders, clients and employees.
posted
I understand it to mean another company likes AMEP and wants it. Shareholders would be paid between .10 and .15 a share if take over is a success.
-------------------- Lookin for the money Posts: 353 | From: CA | Registered: Apr 2005
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posted
The statements says Galpa will launch a takeover. My thought on that is that AMEP does not want it or it would say a takeover agreement is being worked on or something to that effect. Will launch does not sound friendly to me. Just my thoughts.
-------------------- Lookin for the money Posts: 353 | From: CA | Registered: Apr 2005
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posted
That's the message I got too... but if that's the case then how can Galpa say that they'll be paying between 0.1 and 0.15/share? They can't predict where the stock price is going to be.... or are they saying that they'll buy shares as long as they're in that price range?
Posts: 133 | From: Blacksburg, VA | Registered: Sep 2005
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posted
If I understand right they would have had to have been buying up stock like crazy. Once you hold a certain percent of stock then you list your intent to buy as much as need be to be a major shareholder. Once you have done that you have some power. If I am wrong please correct me but that is my understanding.
-------------------- Lookin for the money Posts: 353 | From: CA | Registered: Apr 2005
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posted
Yeah, TechGuy, it is. Something doesn't add up here. Still waiting for response from AMEP.
Posts: 451 | From: Kansas City, KS | Registered: Sep 2005
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posted
Company control depends on how the voting rights are set up. If there is enough prefered stock issued then it can have plenty enough voting rights to outweigh all of the common shares. I haven't looked at how AMEP is set up.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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quote:Originally posted by Thorn: Company control depends on how the voting rights are set up. If there is enough prefered stock issued then it can have plenty enough voting rights to outweigh all of the common shares. I haven't looked at how AMEP is set up.
Preferred stock doesn't have any voting rights. I assume you mean if there is a different class of common stock that has more voting rights, and I don't think there is. Anyways, I understand that you 'own' a company if you own more than 50% of it's shares, for all intents and purposes, since you can overrule the wishes of all other shareholders, but my question is how are they so certain that 50% of the current shareholders are going to sell them their shares for 10 to 15 cents?
Posts: 133 | From: Blacksburg, VA | Registered: Sep 2005
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posted
Lets not jump to any ideas because all you know is someone posted something about what someone said on another board. Please dont believe everything you read...wait till a real pr for either company is comfirmed. Where is the DD here? There is no validity to this statement...period.
Posts: 9 | From: macon | Registered: Oct 2005
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posted
Er, right. I was thinking of stock held by management. If they hold over 50% and don't sell, then there is no buying out of the company. Apparently that is not the case with AMEP?
If it is a hostile bid, there are things the company can do to prevent the takeover (if they are in a position to do so). Looks like issuing more shares is not an option (almost at max now), if desirable at all. They could also buy back shares to gain 51% control, etc.
For a hostile bid, doesn't .15 sound kind of weak for an offer?
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
This goes on all the time consideration of a take over sometimes it is even leaked. If you notice no pr's or announcements by AMEP just a consideration on one parties side at this point and maybe not even that anymore.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Yeah, sorry to get everyone rilled up. Took me a while to dig to find the fact it was a hoax.
Posts: 451 | From: Kansas City, KS | Registered: Sep 2005
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Yes, it's Portugese, been there done that. Lisbon a beautiful City. Awesome and beatiful women there, still prefer women from Spain.
Wouldn't mind dating a Portuguese lady tonight!! She can rumor all she wants in my ear.
the website above is known for rumors, Portugal is not as regulated as we are here in the States, so anything goes.
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
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