posted
356,000,000+ mil shares yet to hit O/S: Both of these in last Form 10-Q. Is this wrong? That would be bad for us if this happens!
1. Company re-filed the Form with the SEC, with an effective date of June 30, 2005. The Form 2-E filing discloses that the Company received $1,820,000 of proceeds from the offering, net of $30,000 of expenses, through the sale of 171,000,000 shares of the Companys $0.001 par value common stock.
2. In June 2005, the Company received $185,000 of proceeds from the sale of common stock to two groups. The stock was valued at $0.01, the fair market value on the date of the sale. As of June 30, 2005, the shares had not been issued and have been recorded as Common Stock Issuable in the accompanying Financial Statements. ==== 185,000,000 shares
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posted
Strike...even a total of 356 mill in the OS,you think thats a lot?Look around and see other stocks some over $1 or more with twice that many shares or even more.Don't let the potential OS scare you,look at the business plan and the CEO's statement about not adding any more shares,what we have is all we have according to that.And it looks like AMEP is going to be getting some more attention,a few boys on the others boards are starting to pick up on good ONG picks and AMEP is one of the top ones from what I hear.
3 picks to have at least a fair position in imo..
AMEP-American Energy Product--Oil and Gas(Natural Gas)
CLBE-CalbaTech inc.- BioTech (focus Adult stem cell and DNA and Molecular R&D)
PMED-Paradigm Medical Industries-Med sector(surgical and diagnostic high-tech, proprietary equipment and consumable products)
In June 2005, the Company received $185,000 of proceeds from the sale of 18,500,000 shares of common stock to two groups. The stock was valued at $0.01, the fair market value on the date of the sale. As of June 30, 2005, the shares had not been issued and have been recorded as Common Stock Issuable in the accompanying Financial Statements.
I'm a little confused about part 1 and the 171,000,000 shares. I wonder if the 171,000,000 shares are already included in the issued and outstanding. Note what I've made bold taken from the bottom of page 11 of the last 10Q:
On February 22, 2005, the Company’s Board of Directors determined that it was in the best interest of the Company to discontinue the offering discussed above and to investigate other financing alternatives. Accordingly, the Company filed a Form 2-E pursuant to the Securities Act of 1933 notifying the SEC of the Company’s termination of the offering. However, the filing was not acknowledged by the SEC and the Company re-filed the Form with the SEC, with an effective date of June 30, 2005. The Form 2-E filing discloses that the Company received $1,820,000 of proceeds from the offering, net of $30,000 of expenses, through the sale of 171,000,000 shares of the Company’s $0.001 par value common stock (See Note 7 - Commitments and Contingencies).
Looks like what they re-filed was the form to discontinue the offering. And looking at the paragraph on page 11 above this one, which is referred to where it says "discussed above":
On January 12, 2004, the Company filed a Form N-54 with the Securities and Exchange Commission (“SEC”) to be regulated as a Business Development Company (“BDC”) pursuant to the provisions of section 54(a) of the Investment Company Act of 1940 (“the 1940 Act”), to be subject to the provisions of section 55 through 65 of the 1940 Act. The Company has determined that its operating model best approximates that of an investment company and intends to make investments into developing businesses in the oil and gas and other industries. Additionally, the Board of Directors determined that it was necessary to raise additional capital to carry out the company’s business plan and the Company filed a Form 1-E pursuant to the Securities Act of 1933 notifying the SEC of the Company’s intent to sell up to $4,000,000 of the Company’s common stock at prices between $0.01 and $0.10 per share, or 40,000,000 and 400,000,000 shares, respectively. On January 29, 2004, the 1-E filing notification with the SEC became effective. The Company is presently registered as an Investment Company under the 1940 Act and as such, is authorized to issue up to $4,000,000 in “free-trading” stock at prices ranging from $0.01 to $0.10 per share.
Sounds like maybe the 171,000,000 shares were part of the inital 400,000,000 shares they requested to sell upon being regulated as a Business Development Company on January 12, 2004 and represent what was already sold before they attempted to discontinue that offering with the form 2-E. If so, wouldn't those shares then be part of the current 302,030,234 issued and outstanding? Again if so, that would mean just the 18,500,000 shares would be expected to be added. From June 30th to August 10th, it looks like 5,000,000 have been added leaving 13,500,000 remaining, not 356,000,000.
I don't know if this is correct but just my interpretation. As of the last 10Q there's still a little under 200,000,000 before reaching the A/S maximum.
The A/S is 500,000,000 currently and shares issued and outstanding: From 2004 Q3 10Q as of Nov 10, 2004 - 269,530,234 From 2004 10K as of April 8, 2005 - 298,030,234 From 2005 Q1 10Q as of May 15, 2005 - 298,030,234 From 2005 Q2 10Q as of August 10, 2005 - 302,030,234
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posted
I believe I read some PR that indicated the company is not interested in issuing additional shares... Can't remember, will have to dig back through my stack of DD.
-Slip
P.S. - I know, I know, talk is cheap...
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posted
amep is inching down on worrys of inflation.The fed is reporting tom.on intrest rates and we will be looking at his wording for how many more hikes before hes done.Utilities oil and healthcare are a great place to be .I think rate hikes are figured in to the rock bottom price right now could be a great day for the ONG secter this week!!!
posted
amep is inching down on worrys of inflation.The fed is reporting tom.on intrest rates and we will be looking at his wording for how many more hikes before hes done.Utilities oil and healthcare are a great place to be .I think rate hikes are figured in to the rock bottom price right now could be a great day for the ONG secter this week!!!
-------------------- Do you know what "nemesis" means? A righteous infliction of retribution manifested by an appropriate agent. Personified in this case by an 'orrible 'unt... me. -Brick Top
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quote:Originally posted by TechGuy: The rig should be drilling any day now, every one is waiting on that PR.
October 11, 2005 07:00:04 (ET)
MINERAL WELLS, Texas, Oct 11, 2005 (BUSINESS WIRE) -- American Energy Production Inc. (AMEP, Trade) Due to the enormous amount of share holder interest, AMEP announced today a progress report on the Ideco drilling rig purchased by Investee AMEP Strategic Investments Inc.
Charles Bitters, President of American Energy Production Inc., said, "The refurbishing of the Ideco oil drilling rig is going very well. All of the mud pump engines have been started and have great oil pressure. They are all running very smoothly. The draw works engines will be started today. The company is very happy with these results, because any engine problems would set back the drilling of the first well. Pressure washing and new paint on the rig is almost complete. If the draw works engines run properly, later in the week the derrick will be raised and pictures of the drilling rig will be posted on the websites of AMEP and Oil America Group."
The drilling rig work over should be completed and the rig operational in the next ten days....
OK - this was three weeks ago. Has anyone seens the pics on the website yet - are they even posted??
-------------------- Do you know what "nemesis" means? A righteous infliction of retribution manifested by an appropriate agent. Personified in this case by an 'orrible 'unt... me. -Brick Top
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quote:Originally posted by Slippery Wing: Solid resistance at 0.070
that's an understatement!
-------------------- Do you know what "nemesis" means? A righteous infliction of retribution manifested by an appropriate agent. Personified in this case by an 'orrible 'unt... me. -Brick Top
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We're witnessing today a demand driven bull market in oil which already caused oil to triple in price in just two years only. The scary thing however is that this increase in price won't be temporary since the world is heading towards 'PEAK-OIL' at an alarmingly high speed. Oil industry expert Matt Simmons says that we could be at the peak of world oil production here and now already. If that horror-scenario turns out to be true then we should prepare ourselves for oil prices heading towards $200 before the end of this decade. (Matt Simmons just warned last week that oil could double to triple this winter to the $125 - $190 range due to severe shortages…) Why is this so important ? Simple, higher oil prices will lead to higher PPI/CPI rates.
Just think about it, you simply can't produce any item without the availability of energy. So when the price of energy goes up producers will be faced with higher costs of production. Sure enough sooner or later they have to pass through those increased costs to the end user (consumer)
posted
We should here some news on how the drilling rig .Thursday they said they would start drilling in a few days,prob started Monday should get update in afew days.What Im waiting for is the anouncement of the partner subscription then amep will jet...
posted
Emerging Public Company American Energy Production Added to the StockBroadcasting.com Website
Stock Broadcasting, the home for information on micro-cap companies, is pleased to announce that American Energy Production Incorporated (OTCBB: AMEP) has been added to the www.StockBroadcasting.com site as a featured company.
(PRWEB) November 1, 2005 -- American Energy Production Incorporated (OTCBB: AMEP) is now a featured company on the www.StockBroadcasting.com site. As such, investors can find detailed and up to date information about AMEP along with information on other exciting micro-cap companies.
American Energy Production, Inc. is an Oil and Gas Lease Acquisition Company. The Company specializes in acquiring oil and gas leases that have potential for increased oil and natural gas production utilizing new technologies, well workovers and fracture stimulation systems.
Stock Broadcasting provides investors with detailed and up to date information about companies selected by the Stock Broadcasting staff. Get up to date information about featured companies such as: CEO Interviews - Company Write-ups - Historical Stock Price Information - Press Releases - SEC Filings - Email Alerts - Industry News and More. The site also allows you to track the performance of all of your investments through Stock Broadcasting’s Free Portfolio Manager.
-------------------- Do you know what "nemesis" means? A righteous infliction of retribution manifested by an appropriate agent. Personified in this case by an 'orrible 'unt... me. -Brick Top
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posted
hey why are we sweating man its not even winter yet.just stay calm this puppy will fly again. look at the chart we have very nice upwards accumulation going on.when people start running their heat all day every day amep will be flying off the shelfs.i am currently holding 2.5 million shares. for the past two weeks i have made great money over on the big board.starting next week maybe even late this week i will be buying 2-3 million more i would very much like to have 5-6 million shares before the heating starts.once the drill starts punching money makers into the ground and the thermostats are cranked up we make money.remember the gas tank is still very low this year gas wont be cheap.but we will be alot richer. so see you all again soon right now im going on vacation for a few days maybe do a little fishing. good luck to all bmax,
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yeah people sell all your shares so the bottom will fall out of it!!!(then ill buy all the stock myself!!)lol just kidding,hang in there the first really cold snap has not hit yet..
posted
What nothing to say today? We will see if the big oil stocks had a flash in yhe pan today or its the real thing.Everything is in place for this stock to be trading where it should be...
posted
American Energy Production Inc. Announces 3D Seismic Study of Two Tracts in the Barnett Shale Friday November 4, 7:00 am ET
MINERAL WELLS, Texas--(BUSINESS WIRE)--Nov. 4, 2005--American Energy Production Inc. (OTCBB:AMEP - News) announced today, two of AMEP Investees Bend Arch Petroleum Inc. and Oil America Group have initiated work on an extensive 3D seismic study on 2500+ acres, consisting of two tracts, in Central and North Central Palo Pinto County, Texas. The purpose of the seismic evaluation is to prepare the way for the re-entry and deepening of two existing wells by Bend Arch Petroleum Inc. into the Barnett Shale formation with horizontal lines and two proposed new joint venture horizontal Barnett Shale wells to be drilled by Oil America Group over the next few months.
"We know the Barnett Shale formation is there. The question is what is the best way to approach its development? The purpose of this study is to develop a clearer picture of the formation in order to attempt to use the specific characteristics of the formation underlying these tracts to our advantage. There are naturally occurring fractures in the formation and we want use the data of this 3-D seismic shoot in both our lateral direction of drilling, and the design of the hydraulic "slick water" fracture used to complete the wells." said Charles Bitters, President of American Energy Production Inc.
"We are cautiously optimistic at the prospect of a substantial increase in the production of both oil and gas in these horizontal wells, over the production rates of the vertical wells we currently have in the immediate vicinity. Drilling horizontal wells in the Barnett Shale has evolved from picking any location to adding a great deal of science and new technology such as the 3-D seismic. With the cost of drilling, completing and equipping a Barnett Shale well today there is very little room for mistakes," stated Mr. Bitters.
Joe Christopher, President of Oil America Group said, "We are thrilled that a spot opened up for us to be able to do this 3-D seismic shoot now because we hope to be drilling on the first well of our program in the next several weeks."
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this is another site,if you go to their webpage you will see all the locations.Though I do agree persia,this PR is just for info purposes and should not really effect the PPS.
posted
Time to buy more on Monday if it opens at current price. I don't get the panic sells, if people are that uneasy they shouldn't be playing penny stocks. JMO. Have a good weekend. -Deluxer4life
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