"Based on American Asia Petroleum's latest financial information filed on Pinksheets.com, the Company had over $11 million in shareholder equity. This represents approximately $0.005 per share"
This was in the December Brass Bulls PR.
If you simply divide the 11 million dollars in equity they reported by $0.005 per share that represents, you get 2.2 billion shares. Since Brass Bulls bought 6% of the outstanding based on that calculation of .005 worth of equity per share, you have to figure they knew what the outstanding is at the time.
Or another way is multiply 2,200,000,000 by .005 and you get $11,000,000 which is what Brass Bulls said the shareholder equity is worth.
posted
Looks like the MMs will let AAPM go soon. It has the potential to run like CHNW. Huge volume for 3 days. This is a real company with ann rev of 35 M$. The market cap is only 750 K$. Watch it.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Looking to enter this today but with the spread a bit wide i'm thinking may one more chance at some 3's before it runs. Nice Volume and wow the CMF has been green, green, green. If it runs like CHNW or anywhere close, my goats and chickens will get some special food this weekend.
Posts: 514 | Registered: Feb 2007
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posted
AAPM will run because the MMs have been working on it for 4 months, they took the pps down to collect shares at the bottom. Now, they are shifting to the next phase - raising the pps to unload their inventory. This is a good chance to take a ride with them -- if you get in early.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Looks like the panic selling was due to 10:1 R/S. The company also promised to promot the pps with PRs. Most R/S are bad for currect stock holders. This one will be an exception, because the market cap is only 2% of the fair value. The MMs tried to keep the pps at 0.0002, but it's back to 0.0003 now. Hold your shares tight, the MMs will cash in very big soon.
**** Posted by: I Sell Homes In reply to: cargo_hauler who wrote msg# 3340 Date:2/28/2007 2:43:39 PM Post #of 3398
I saw the link, its appears to be true we have a RS * a 10:1 Ratio. And most people are holding atleast a couple million shares. In a few months when this is * .50-.75 I don't know about you, but I wouldn't mind 50k-75k per million I have right now.
Who knows what news might come to us, if the numbers are as good as the PR stated, this might be a prime buyout target. IMO
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
where are you getting this r/s information? I haven't seen anything like that as of yet.......? Is there a link or sumthin I'm missing?
Posts: 960 | Registered: Sep 2005
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quote:Originally posted by gatorhistory: where are you getting this r/s information? I haven't seen anything like that as of yet.......? Is there a link or sumthin I'm missing?
The effective date says 02/26/07 not sure what that means? anyhow it is not on OTCBB Daily List so I am at a loss... I sold some shares this AM but will hold some to see where this goes. GL
-------------------- ^..^ Posts: 3897 | From: New York | Registered: Jan 2004
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posted
I sold yesterday at a loss...not a big one so I'm happy. I wouldn't hold this or go near it for a long time
Posts: 514 | Registered: Feb 2007
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quote:Originally posted by JimSC: Looks like the panic selling was due to 10:1 R/S. The company also promised to promot the pps with PRs. Most R/S are bad for currect stock holders. This one will be an exception, because the market cap is only 2% of the fair value. The MMs tried to keep the pps at 0.0002, but it's back to 0.0003 now. Hold your shares tight, the MMs will cash in very big soon.
Will, I've seen your posts and respect your trading, and longevity here, but I can't say I've seen a reverse split that has been good for shareholders, regardless of company worth.
One exception may have been NORD, I mean NDOL, I mean NWOG. However, you had to hold on for the huge ride down just to see a double later. Even after all is said and done, the pps is subpenny again today. I watched this one really closely when the RS was announced because they had $150 BILLION in potential oil revenues.
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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America Asia Petroleum Announces Trademarks CARSON CITY, Nev., March 1 /PRNewswire-FirstCall/ -- America Asia Petroleum (OTC Pink Sheets: AAPM) company officers are pleased to announce the United States Government Patent and Trademark office has approved the product trademarks which will serve as is an important element of upcoming advertising and promotion that the company plans to conduct as it formulates marketing strategies with potential vendors and public relations firms.
America Asia Petroleum, with offices in China and USA, represents joint venture energy companies that operate in China.
Safe Harbor Provisions -- This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking-statements.' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as 'expects,' 'will,' 'anticipates,' 'estimates,' 'believes' or statements indicating certain actions 'may,' 'could' or 'might' occur. The company takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties that is not sanctioned by the Company.
For further information please contact:
Investor Relations
775-831-8887
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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The R/S is only 10:1, and the impact of R/S on pps is over, it's back to 2 X 3. So the only problem is dilution after the R/S. We still have to see the official notice of the R/S.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Hi, B_troy. One example that R/S does not hurt is MSEP, now msem. After R/S the pps became 0.11, and within 2 weeks, the pps hit 0.20 several times. Most R/S have a factor of 100 or bigger, and they don't have rev. This one has a chance because the facotor is only 10 and they have ann rev of 35 M$. Just give her 6 weeks, and she will show her potential. The O/S of this stock has not changed in the past 3 months, very rare among the pinks.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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quote:Originally posted by JimSC: Hi, B_troy. One example that R/S does not hurt is MSEP, now msem. After R/S the pps became 0.11, and within 2 weeks, the pps hit 0.20 several times. Most R/S have a factor of 100 or bigger, and they don't have rev. This one has a chance because the facotor is only 10 and they have ann rev of 35 M$. Just give her 6 weeks, and she will show her potential. The O/S of this stock has not changed in the past 3 months, very rare among the pinks.
Very interesting. I didn't play MSEP. I guess what I'm trying to say is that if the RS is for "long term stockholder equity", then it's BS. You can even use MSEP as an example: it's at .07 today.
If you didn't get out when it went to .20, because you had faith in the company, well, you know the story.
Does anyone know if the RS actually took place already, or if it was a typo in the filing?
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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posted
All bottom play for pinks should be short term only - one should get out during the run.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
JimSC, im holding 3m * .0002. This is my first real bottom play. Should i load up even more, or just lay and wait?
Posts: 23 | From: henderson ky. | Registered: Jul 2006
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posted
It's your gamble. For a new player, I suggest that you use paper tracking for at leat 6 weeks before playing rhe real game. I hope 10/13 can offer you some valuable tips that she has collected.
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