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Interesting.
I have not gone deep to see what the preferred shares conversation rare is. But in short, after the reverse split the O/S will be about 10mil. That same night of the split, those preferred shares become part of the O/S. meaning the O/S will be back to 500mil or even 5Bil, depending on the conversion rate. I will look into the filing and will post the conversion rate. That's what the management of GDVM did it. After the R/S at GDVM, everyone was expecting the PPS to be $300, only to find out that they converted preferred shares the same night of the R/S and diluted like crazy, and the stock stayed at $1.70. If I was to buy this stock, I would never hold it past the R/S date (which is unknown for now). It is an interesting stock to be in because of the acquisition and the valuation before the R/S, but not after the R/S.
SNWP, Here's the problem..
Media Finance en Suisse Holding GmbH converted $2,100,000 of its convertible debentures into preferred Stock of the Company. This preferred stock will be converted into Common Stock after the Company's 1 for 50 Reverse Stock is declared effective.
When is the R/S taking place?
Stay away from those Form 15-12G Stocks. Right now it's just pump and dump based on those filings
I just read that report and discovered the migratory merger. This is another form (short-cut) to amending the articles of incorporation to Incorporate in Delaware, without incurring expenses to do so. ie.They are now planning to dilute like crazy IMO. (Delaware laws allow overnight dilution). I'd bet the O/S will be 3Billion by year-end.
That's the only logical possibility.
AMZB Check the previous PR and get the hint. Wonder drug IMO
That's really good because it means that the float is already gone. Thus, MMs have to raise the Bid and ask
Ok, I'll correct that.
Also, now it is almost impossible for the MMs to short it because of the volatility and other factors like R/M. And here we go. Take a look at the volume now. Accumulation is at .01. They've started noticing it.
That's how PAIV started, though AAPU is not a short squeeze. The up-ticks and down-ticks were in the range of 75% down and 400% up. Then everyone started to realize what was happening. PAIV went from .005 to .25. AAPU could easily go from .008 to $2.50. Lets just wait until all the DD is confirmed with a PR IMO and people will chase it to Dollarland.
AMZB wonder drug coming to market.
Cool. I live in a small town called Mustang. Did you see that fat finger at .70?
I can trust you coz you are an Okie. I like what they are doing and especially coz it's summer (when energy stocks fly). Where do you live in Oklahoma?
Caught this one on the radar. What's the potential on terms of Revenues?
AMZB moving without news means something is about to happen IMO. The previous PRs will give us the hint. Wonder drug?
Look at AMZB moving without news. Look at the last PR and you'll get he hint.
AMZB has been moving big without any news. look at the volume over the past 3 days. I know they have a drug coming to market.
Better get some before mthus calls in to buy the entire float on Monday. He seems to be serious about it.
between 40mil - 50mil
AMZB picking up volume for some reason. Something might be brewing IMO.
Now that we've done 1:40 R/S. Could we estimate $10 - $40 PPS range?
Keep an eye on AAPU guys. Something is brewing IMO. Go to AAPU board for more info. Enough DD up there.
Alert!!!. We need to keep an eye on AAPU. Rumors of Big merger underway circulating. Go to AAPU board and look at all the DD they've done. Stock is trading at .007 but planning to do a R/M with a company trading over $1 in Germany. Planning to move to AMEX immediately. R/S took place a week ago and there's now about 50mil O/S. AAPU revenues are about $37million.
OT=I always enjoy watching TCU play big-12 teams. They pretty good and under-rated IMO
Wherever there's smoke, there's always fire. Risky, but play money doesn't hurt that much. What's there to lose if we are the first ones in line? If it goes up, good for us. If it doesn't go up, we will still be at .003
Thanks a lot for that AMZB analysis. AMZB, here we come weeeeeeeeee
I totally agree.
We are right on the money.
last months PR...............................
CARSON CITY, Nev., March 6 /PRNewswire-FirstCall/ -- America Asia Petroleum (OTC Pink Sheet: AAPM) company officers are pleased to announce to its board of directors that the first quarter sales numbers for 2007 are higher than projected, with an estimated 9.6 million dollars.
America Asia Petroleum Announces Year End Sales
CARSON CITY, Nev., Jan. 4 /PRNewswire-FirstCall/ -- America Asia Petroleum (OTC Pink Sheet: AAPM) company officers are pleased to announce to its board of directors that the estimated year end sales numbers for 2006 are hitting its target of 35 million dollars.
With China's economy remaining the fastest growing in the world, and its government actively seeking additional energy sources as their consumption of crude oil increases, AAPM sales projections for 2007 are expected to continue to strengthen.
America Asia Petroleum, with offices in China and USA, represents joint venture energy companies that operate in China.
For more information please go to: http://www.americaasiapetroleum.com .
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.
SOURCE America Asia Petroleum
I know you were joking kid, I'm just messing with your head since you came in late this evening.
Did LT really go to Texas Christian University?
True! We've held this one for too long now to give up on its potential. I've been in AAPM(U) for 5 months now and therefore I can afford to wait a little longer. Good things are around the corner. Who woke the sleeping tiger? rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr $$$$$$
Welcome aboard though you seem to have the most posts than any other stock here at AAPU. You must have owned a good chunk before the R/S. hoping you did not sell those 500 share to take us back to .002 the other day. lol
Keep in mind that to be at AMEX, one of the requirements is for the a stock to have traded above $1 for 3 consecutive months in order to be admitted. The projected revenues are good enough to take us above $1 and stay there considering an O/S of about 50mil. So, $1 is like guaranteed. But how about we get some profits and keep it above $3?
Are you from Germany? I'm asking coz of the way you spelled "future" and "merger".