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amep has lost 50% market cap in 11 trading days...If CB had not announced the RS(with the hidden power grab on the preferred shares) it would have not done this...But why cry over spilled oil(milk)....so i did the illogical thing and put in an order to BUY 100000 at .03 ....sometimes you have to make the wrong move at the right time...(line from the Cincinnati Kid movie)....and will be buying more if it gets lower....jmho
sumari: " the assets of the company havent changed one iota"...think about that one....things would greatly change if CB has his way...and that change would not be good for you or me or any other shareholder now or even more so 5 years down the road...He must reasses and be more fair and recognize that he is a part(important part) of a shareholder owned public company....The share price has plummeted because of perceived greed and unfairness with his preferred shares plan and the presently proposed RS....Holding for 3 to 5 yrs is not the answer if the proposed plan is so shareholder offensive...The plan must be changed and then we hold.
RB post 110906 by "M"...first 2 paragraphs are an interesting read.
check the rsi...amep is beyond oversold...."if" shareholder friendly action comes from the company, the share price could rebound sharply....
approx 24 million shares of amep traded since the 8th of june...wonder who has bought most of them the last 9 trading days!!
When the RS formally dies I will be buying...slow growth is the bettor alternative to fast sp death of a r/s
anyone following the ascent of BJCHF....where the next olympics will be held in china.....96 cents to 1.43 in recent months...apparently they own property around the site.
eyes wide open vs. eyes wide shut.....cb is awake on the power grab, you can bet on that as he eyes his preferred shares not being split(which will fail imo)....again, he should be repaid for his loans and advances and given rewards for his efforts but in a much more fair and reasonable way.
CB and the BOD: the Markets are sending you a STRONG message that your pre 14 announcement has been an embarrasment. June 8th AMEP traded up to around .068 and nine trading days later we are at .036. This poorly disguised power grab for shares is dead and deadly for share price....We await your revision and clarifications.
joint ventures between management and the shareholders benefit everyone.....management elbowing the shareholders out of the way benefits no one as management is finding out if they are listening...So CB and JC are you listening? Do you understand how much can be accomplihed for everyone if fairness prevails and greed takes a back seat??????????????????
26349 is an excellent read.
Very interesting: BDGR(small OG co.) just announced a share buyback of their rediculously low priced stock to thwart a potential hostile take over.....shows you there are a lot of tiny OG companies whose prices have been reduced to ashes that are sitting ducks for biggger companies to gobble up....We AMEPERs are sitting on black gold if the company will just LISTEN to the shareholder's common sense approach....If CB listens and does the right thing he wins and we win...
I have some friends with a big desire to buy shares but only IF CB is reasonable....amep could jump big time and very fast if things work out and if they dont, well you know...only the shadow knows.
JC may be just plain PUFFING about large share holders who can get his vote thru for CB....Remember, there are no disclosed 5%share holders including family and insiders....we SHAREHOLDERS want CB to be handsomely rewarded for his efforts but we wont allow anyone to LOOT the company nor ABUSE their position....both of which can lead to jail time...jmho
reminder: It requires a plurality of votes cast to approve the RS....It appears to me there is a strong block of shareholders.
I have a concern that CB will be outmatched by the "financial people" from Dallas or elsewhere who will take care of themselves first to the detriment of the shareholders...Frankly, there is nothing to convince me that CB has the experience in money matters of these types...I am against the RS as it stands but will wait for the news from the company to make a final decision.
Wonder if JC has contacted his own atty to see if his wording to fold the tent or dissolve the co if the amep sponsored pre 14 RS doesnt go thru are Extortion ... Wonder if CB has checked with his attorneys about this also and weather this company sponsored verbage is a SEC violation per se(to manipulate the price down)....dont know...just wondering????
NOt to my recollection...no RS...it just grew on the Nano- tube(clay) possibilities and then settled back after they didnt produce sales of the clay...I really am not sure why it resumed its climb...anyone?????
I brought almi to the board and was accumulating from .18 to a sell in the 2.10 area...it has heated up lately again.
Joe, I tried to email you...not sure i have the right address.
I have no reason to question CB's honesty...What is a fair figure for compensation for the time, risk and energy he has poured into this company? Frankly, I hope he is well rewarded but i await company news on how his shares will be treated...I am an independant thinker and will vote what i think is reasonable under the totality of circumstances and weigh that with what is fair to the shareholder....let me add, i have never been a fan of pipes ....Actually what GEH posted about reg 144 seems a good way to go and i forgot to ask JC if they considered that approach.
I talked to JC a short time ago: Rawhide and freemarket listen up! They wont, wont , wont dissolve...rather expansion will slow he feels if the RS is not approved. The company would not be able to drill as many new wells as they want ... With the RS approved they feel they can go full steam....I think we can expect a clarification of some sort on the RS matter...What LTG just reported in his conversation today with JC is basically what JC told me....I indicated that I was not in favor of the RS as presented in the Pre and I felt many others, including some very large stock holders wanted further explanations concerning the company's intent with the shares....We will get that additional dialogue from the company....
On the other hand there might be a choice NOT to dissolve the company if the RS is not approved...Rawhide you are playing on words....
United we stand....everyone is getting an idea of what will fly and what wont with shareholders....Discussion is good,working toward consensus is bettor to bring support to the share price.
I have seen another company succesfully use reg 144 lock up shares to grow and raise money with the selling of the shares restricted for a year or more....That works for me and would give the company instant money and protect against dilution for the period of the lock up.....So we get money to grow quickly and the sale of the shares is controlled....I hope the company is LISTENING> Creative financing is available and we need to pound that home!!!!
From today's volume figures it appears that no large shareholders sold their position....a very good sign as shares continue to get into firmer hands...jmho
Back from 8 days in canada fishing...lots of fish and great weather....amep spooked by R/S possibility and NOT by news today of successful O/G well....the figures on production from this new well will go UP as the frac water is removed and more O/G and gas is released....the success of the well validated the padget area and additional vertical and horizontal wells are in the works...the R/S may come but NOT on the terms suggested in the PR....in this instance the R/S is to enable the co to raise funds to proliferate wells in its producing field and this is not a bad thing....in fact new funds will speed up the number of wells drilled....it all relates to the speed of drilling and the funds necessary to accomplish that....the R/S proposal as worded will not pass and it has nothing to do with the 25:1 ratio but rather to a cap on new A/S which needs to be addressed after any R/S....Also the preferred shares will need to be addressed as the news release only delt with the common shares....The drilling program is successful and that factor is what makes this R/S different than the many penny companies who only use it for dilution...all imho.
MMs sure know their games...must be trying out to be olympic MMs for the games in china!
even keel today and higher open tomorrow?
here is an idea: buy at least several hundred dollars worth of your favorite stock this afternoon....for the good of the order...Thanks you CEO for the PR today
Pro didnt you say you short the market a lot(nov 23)?? Short?
sabre: I am in Vegas and used to play golf at Hilton Head one week before the Heritage for about 10 straight years ....great place, Hilton Head....Had a lot of fun on Dufuski Island too.
amep has a lot more going for it than these small O or G stocks: bdgr, upda, aggi, qoil, fdei, hmgp and a bunch more....wouldnt trade places with any of them....glad to be right here in amepville.
was there only one trade at .046 of 14900 shares ($750)?
A big announcement now might not be in AMEP's best interest if they know someone might buy them out....making no meaningful announcement on production from 11 and 12 is like a repellent...keeps sutors in the dark as long as you can...eventually the figures will come out thru the trrc but not for a while...If CB is trying to slowly build a little empire, he doesnt want an early take out!!!! It appears he does not want to be bought out in the beginning stages....jmo
last trade only 1500 shares and they drop it to .05(whole $75)...agenda!
bid-ask last few minutes looks VERY manipulated to me.
Made a couple of buys this a.m.....after each went thru they dropped the ask a little....
Pro: What you are saying is that the CEO has an obligation to the shareholders? Now i have to agree with that. I think a statement is coming very soon. It occurs to me that Harmon's post after attending the meeting was darned accurate...Drilling has to have been slowed to a crawl with all the atty and acct fees which used up drilling funds....IF 11 and 12 are big producers, we are off and running only a half year or more late...I am most interested in how the next chapter unfolds as i am sure all longs are...it seems as if it will be positive.
hurricane week begins june 1st on the weather channel.