that is ONLY YHO!! CB has shown the shareholders...NOTHING..

How can you sleep at night saying that?? Your thoughts are just words on a thread... CB has given the shareholders ZERO. Why can't you admit that.. unbelievable...

g

nothing has fundamentally changed in the business prospects of the company or has it?

uh, slightly.. Lets see. Your shares off the bat will be worth 1/3 their value and then they will continue to decrease as they release shares in the market. They could be sitting on 10 'Monster wells' but if they keep diluting the stock, the only people making money are the ones selling stock. So, yes, things have changed alot.
don't be so naive.

g

I don't think you understand the tactics here.. CB , I believe , never intended to yield $7.5M from his preferred shares. He knows when he sells off his shares the price will drop. Thats why he started with 7.5M. He doesn't CARE! As long as he can sell off most of his shares on the way down he gets his investment back and then some. When the stock drops back to couple pennies,, he'll probably buy it all back at pennies on the dollar and do it all over again to a bunch of new naive investors.

ANd the people complaining here arent hurting this stock. CB killed it!! To blame irate investors for the price drop is ridiculus!! What new investor on earth would buy this stock now with the info thats out there? Oh yea, I guess he is already collecting his next set of naive investors already.

g

How would CB get the 'green stuff' instead of shares? There is no green stuff!! Thats why they need to sell more shares. CB wants to get his money back ($500,000). SO , he gets his 10M+ post RS shares and sells them until he recieves what he thinks he deserves. The PPS dosent matter to him. He'll start selling at the .~.75 post split price all the way down to .10 if necessary to get his money back. He will, I'm sure, throw in a PR or two to bump up the price and volume so he can dump more shares quickly.

I've seen this scam before. Don't be fooled. And can someone answer me this: Why hasn't he given ANY production numbers in two years?? Because their are none worthy to speak of. So, this is his chance to get his monay back, and then some.

I was all for this stock until the preferred share issue was brought to light. No self respecting CEO would do that to shareholders if he thought their was a future with this company.

Can you tell how angry I am??

I can't think of anything positve at all here. How others do is beyond me, they must be getting paid by CB. Maybe he is issuing them some of those post RS shares already.

g

you have to ask/? you should know.

You've got to be kidding!! What a blind sheep you are. Did your DD?? After the RS he will dilute this til he reaches the 500M again!! No matter how good you think the reserves are, you will never realize any profit from it, he will use those PR's to dilute the stock every time. Your PPS might do a little pop, but then it will slide back down lower than it was before the PR. How so many of you cannot see what has happened here is beyond me. I believed in this company until the RS filing and finding out the CB gets 1/3 of the company because he is ' a good CEO??? ' . OMG!!

How can anyone see anything positive in that? And when he gains 30% of the company and gives out another 20% to his "executives", you will have no recourse whatsoever.

This is no longer a long term play. But my gut tells me this RS will pass no matter what is said on this board.

He is way too cocky for it not to pass.

For all the people still following this guy like sheep, where did you get those rose colered glasses from?... drop em and step on them.

g

he'll probably completly tank this stock and then buy the company with the new shares he stole from investors. After he buys the company outright, he will then release meaningful numbers to rub it in all the investors faces.


g

Why CB needs the 7.5 Million..

Why the big payout?

First of all, all IMHO, its on paper. So it really means nothing. I believe this is an orchstrated attempt to own the compnay outright. And here is why I think so::

Somehow, this RS is going to pass. Don't know how, but it will.

After the RS passes and the stock price is set at .75 or so, It will then slide back down to between .04 and .10 cents. This gives Bitters his money back and control of the compnay.
At .10 cents, he gets $1M for his 500k investment, not bad.
Plus he gets to give all his buddie 'executives' shares that I am sure he promised them long ago.
Between him and his'executives', they will control the compnay.


So, yes I took a beating on this stock. Down 50% right now. But I have seen this happen before and I wont be around for the long haul. Although the 'reserves' that they claim to have may be worth something, they will dilute the stock so much that you wont realize any gains from it. If they had any real "good news" to report, dont you think they would have done so already if they had the shareholders interest in mind??

Its been a year and a half and he has shown us alomost nothing, he saved the big PR (#11) for his RS scam.

I no longer trust CB at all. He has lost ALL credability with me. He has done NOTHING for the shareholder up til now, why do you think he will change anytime soon.

I knew this stock was a gamble, all OTC's are. I played and lost like everyone here.

So, believe if your blind, but its so obvious to me what is happening. I will be out of this stock completely in short order.

I cant say the noraml GLTA, because I think luck is out of the equation now. CB is an old , set in his ways, O&G man with only him and his cronines on his radar.

g

A shareholder lawsuit will just tie up your money(what little is left) for years, they almost never work out.

That is the worst case scenario. It seems CB is confident that this thing will pass. Who actully counts the votes?? just curious...

Just don't see how CB has a trustworthy leg to stand on here.

What has he done for the shareholders in the past year??

And boy, the big touters of this stock have been silenced. I guess they cashed their checks.

g

Why the big payout?

First of all, all IMHO, its on paper. So it really means nothing. I believe this is an orchstrated attempt to own the compnay outright. And here is why I think so::

Somehow, this RS is going to pass. Don't know how, but it will.

After the RS passes and the stock price is set at .75 or so, It will then slide back down to between .04 and .10 cents. This gives Bitters his money back and control of the compnay.
At .10 cents, he gets $1M for his 500k investment, not bad. Plus between him and his'executive', they will control the compnay.

Plus he gets to give all his buddie 'executives' shares that I am sure he promised them long ago.

So, yes I took a beating on this stock. Down 50% right now. But I have seen this happen before and I wont be around for the long haul. Although the 'reserves' they they claim to have may be worth something, the will dilute the stock so much that you wont releize any gains from it. If they had any real "good news" to report, dont you think they would have done so already if they had the shareholders interest in mind??

Its been a year and a half and he has shown us alomost nothing, he saved the big PR (#11) for his RS scam.

I no longer trust CB at all. He has lost ALL credability with me. He has done NOTHING for the shareholder up til now, why do you think he will change anytime soon.

I knew this stock was a gamble, all OTC's are. I played and lost like everyone here.

So, believe if your blind, but its so obvious to me what is happening. I will be out of this stock completely in short order.

I cant say the noraml GLTA, because I think luck is out of the equation now. CB is an old , set in his ways, O&G man with only him and his cronines on his radar.


glenn

Yes they can!! How about a PR explainging why they trashed this stock. How about a CC if they had some balls, They could do alot and chose to do nothing... To blame the share price on message board, what a joke.. we didnt right the RS PR!! ,

g

This would be trading at .95 post split. Whats the point?? might as well do a 150:1 RS. It would give us a chance for a AMEX listing at least. Comon AMEP, if nothing tomorrow to explain things , then this company needs some shock treatment.

Were down 40% since the RS announcemrent, and that was the ONLY way to help shareholder value??? gimmie a fukn break here boys.

what a mess one half-assed pr can cause.

need more that GLTA,

g

CB's little R/S PR has cost us shareholders $12 million since it was released. Still trying to figure out why he had to do it then. We deserve a CC from AMEP, not just a PR. They have to get the kahuna's and address the shareholders directly.

I am just so disappointed with whats happened. I have a feeling that they might not release any more info until this R/S is resolved. In effect, they will drag us long's along for a ride to who knows where.

I am still hanging on, but with no news, not sure for how long. i am sure many feel the same way.

Just disappointed and venting a little.

Hope things can turn around here.

GLTA,

g

whoever painted the tape today @.047 with 1000 shares, thx..eom.

your kidding, right?

a .01 move on a .05 stock is a 20% increase.

a .01 move on a 1.25 stock is a 0.8% increase.

Don't people know that a stocksplit an either direction has no bearing on the stock itself. Its a relative number.

The only thing that is of concern here is dilution.

How and why they dilute a stock is what is important.

And that pesky preferred share thing.

glta,

g

Its only clearly written if they "Mention" the preferred shares. and they don't

is this clearly written? seems so to me...

"There are no liquidation rights or preferences, to Series A, preferred stock holders as compared to any other class of stock"

g

I guess its what looks better. A .05 stock with 500M O/S and a 100M share($5M) dilution with a Billion(what they would probably raise it to) A/S or a 1.25 stock with 20M O/S with a 4M share dilution. Its actually the same thing. I know the A/S would be 500M. Its just a number. because if you ask for 100M A/S , they could always ask for more in the future... So, the A/S is really not of concern here. Its how they use it.

And, on another note, who said CB would convert ANY of his preferred shares at this time anyhow?

We need the #12 PR to get things rolling again.

glta,

g

"There are no liquidation rights or preferences to
Series A, preferred stock holders as compared to any other class of stock."

that comes from the issuance of the preferred shares.

How could they treat the preferred's differently?

Until its in writing from the company, all this talk about the preferreds not being split is just talk. Conversations with CB or JC means nothing really. needs to be in writing.

They had their chance to own this company when it was a penny a share.

glta,

g

Most companies don't sell all their AS. They are on the shelf and are used when needed. Also , I believe, to get financing, they need those shares on the shelf. It all depends on how responsible CB is with those shares. If this were a company like HEC(HKN), then I would be out of here. But, up to now, CB seems to have been pretty frugal with the money spent here. Most things he has promised have come to be, Although it took alot longer than anyone would have liked.

SO, lets see what kind of plan he has in store for this company.

If I were CB, I would release a PR on the #12 tomorrow. And if that news is good, he becomes a hero from a goat.

lets hope, eh?

glta,

g

FYI on HEC, they just approved a RS last week and kept their AS the same.. seems to be something not so uncommon. fyi

they filed the sched 14A on April 2, for a voting date of june 5th.

we havent even got that far yet..so, this will take awhile. alot can happen between no and then, production wise.

glta,

g

You act as if they will sell 500M shares the day after the RS passes, if it does. All good, healthy companies have large AS count, it doesn't mean they use it as soon as you get it....you sound very naive..

for ex. APPL has 1.8Bill AS, they have used 865M. Are they going to sell 1 Billion shares tomorrow?? I doubt it..

Although the 500M is quite high, it doesnt mean they will use them all. CB has been quite frugal in the past. Either you trust him to run the company or you dont, your call. Dont like what you see, don't let the door hit you.

As for the release of info this past week, I , after thinking about it, think they did it right, "for the long term holder". If they released all the PR's first and this stock ran to .20 cents, how many of us long term investors would have "taken some off the table?" ..I would have, for sure. But doing it this way keeps the flippers out and the long term holders in, making this a much stronger company buy the type of investor alone. As somebody mentioned, only 4M traded today, I expected ALOT more than that. and down only a penny. Wow, not bad for a company that people were crucifying this weekend.

If they keep the info flowing now, and give us a good plan for the future, then I think we are in pretty good shape going forward. This is a long term investment...things take time to develop ..

Glta,

g

Just reading this out of the Pre14 would lead me to believe ALL shareholders ( doesn't state a specific type) so, I assume ANY type of shareholder will be affected by the RS.

it states:

The reverse stock split will NOT:

- Affect any shareholder's percentage ownership interest in the Company;

- Affect any shareholder's proportionate voting power;

- Substantially affect the voting rights or other privileges of any shareholder (unless the shareholder holds fewer than twenty-five shares of our common stock).



This must include the preferred shares... JMHO..

can't imagine how that could be legal otherwise..


good to see that PR tis am.. just one word.. whew!!

glta,

p.s. thx for the prod $ #'s GEH, much apprecited,


g

not a misprint, but i dont think the conversion is quite that simple,,

can someone verify what (350,000 cu.ft/day *30 days/month = ~ 10 Million cu. ft/month) brings to the bottom line for AMEP?

Not sure how to do that from a producers point of view.

tia,

g

I think your wrong .

The reverse stock split will NOT:

- Affect any shareholder's percentage ownership interest in the Company;

- Affect any shareholder's proportionate voting power;

- Substantially affect the voting rights or other privileges of any shareholder (unless the shareholder holds fewer than twenty-five shares of our common stock).



This must include the preferred shares... JMHO..

can't imagine how that could be legal.

g

Lets face it, no company feels comfortable without any AS available. Would an increase of shares to 1Billion without a RS be a better option? I doubt it. That was my biggest fear with this stock way back in October (post 10399).

So ,instead they offer a RS with an increase in the AS. Whether the AS shares are 50M or 500M, really, whats the difference. No company sells off all the shares as soon as they get them. They could have said 50M AS. We would actually see the same result in the share price. The only real item of concern here is their plan for the future. If they don't share it with us, their wont be a future for anyone.

I believe if this RS doesnt pass, this company wont survive. I say that because I dont believe they will be able to get financing without it.

So, this all hinges on how they go about "selling " this RS.

They need to show us a great plan.

hope they come thru,

glta,

g

Quite frankly, I am glad they announced this RS on Friday afternoon. I am not happy about the announcement, but at least this gives people a chance to cool off abit before the next trading day. If this was released on a Wed during trading hours, it would have been .02 in 10 minutes.

What really matters here is what comes from the company next week, if we hear nothing, then we are in for a rough ride.

The only bright side is that I don't think there are any flippers or daytraders in this stock at the moment. Its been such a dead stock for the past year, everyone has forgotten about it except for the longs. If the longs hang tough, and the MM's don't totally screw with this stock, it might not be that bad.

But, there seems to be alot of pissed off people on this board, me included, but I've gambled this long , I'll give them a week to explain themselves.

this stock hasn't traded more than 1M shares a day on avg. Post split, thats about 40k shares a day. Even CB would have a tough time selling shares without bringing the stock to 0.

somethings got to give here,

GLTA?

g

curious, what would be your "right price"??

What kills me is that I was finally dead even on my investment today.

what kind of haircut do people expect to see this Monday?

any guesses?

g

this stock can't even trade 1Million shares with 500M outstanding, after the rs, that works out to 40k traded per day. How is that good for shareholders??

And who is going to be a buyer on Monday?! No one.

what are they thinking?

disgusted..
g

your probably right..just trying to justify what they are doing, when they give the shareholders 'ZERO' to go on.

g

If they want a RS they MUST show some numbers first.. good ones..

g

read the filing.. after the rs the AS stays at 500,000,000 shares. they will have plenty..

My guess is that they can drill and cap wells but can't afford to extract any O&G. So, the rs , increased AS so they can sell shares to raise capital to extract the O&G. Now, if this is the case, they MUST PR next week about their near future intentions. If not, this stock is doomed into to pennyland forever. JMHO..

to vote NO wont help our situation here. Ironicallay for me, AMEP closed at .064 today, which is my breakeven point.

I guess that wont last long.

g

and if you notice, the AS count remains at 500,000,000 shares. I feel sucker punched right now..

On a friday afternoon, no less..

time for a beer....this was my biggest fear with this stock.

g

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Would be nice to see AMEP end the day in the .065 range.
A nice uptick, nothing crazy, then a nice long weekend to digest the posibilities going forward, next week should be interesting.

glta,

g

nice opening trade.. 210k & 177k @ .06!!

Nice to finally see a PR. I don't think the pps reacted that much today because I believe this stock has fallen off the radar this past year. So, I see this as good timing , before a long holiday weekend to get people noticing again. A little uptick tomorrow to get the interest of the TA people with this PR should have has back on radar by next week. The real interest will happen once some concrete numbers are put into a PR.

GLTA,

its been a long wait,

have a good long weekend all, enjoy,

g

When is the first earnings release due out as a fully reporting compnay? Anyone know?

tia,

glta,

g