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The interesting thing is that those preferred shares with voting control did not exist prior to the reverse split, so why on the stock split article it is stated that:
"The board of directors have adopted a resolution pursuant to NRS 78.209 and have obtained any required approval of the stockholders."
Did the company have control of more than 50% of the outstanding shares at the time?
I think all the AAPU assets went to Ameri Energy Group (with 100,000,000 shares, same as the super majority preferred shares of former AAPU)... That is my interpretation... sad news for the common shareholders... us...
I am heartbroken...
Alright, just received in the mail copies of the article of incorporation, the last amendment (stock split from last year), and certificate of dissolution. All of this only costs $6, so I urge people to get their own copies (see post http://investorshub.advfn.com/boards/read_msg.asp?message_id=28989267
Here are the important things from the Stock Split and the Certificate of Dissolution (pay attention to the text in boldface):
STOCK SPLIT:
Document Number: 20070238921-34
Filing Date and Time: 04/02/2007 6:32AM
Entity Number: C6703-2004
1. Name of Corporation:
America Asia Petroleum
2. The board of directors have adopted a resolution pursuant to NRS 78.209 and have obtained any required approval of the stockholders.
3. The current number of authorized shares at the par value, if any, of each class or series, if any, of shares before the change:
125,000,000 common shares at .001 par value.
4. The number of authorized shares and the par value, if any, of each class or series, if any, of shares after the change:
500,000,000 common shares at .001 par value
100,000,000 super majority preferred shares at .001 par value
5. The number of shares of each affected class or series, if any, to be issued after the change in exchange for each issued share of the same class or series:
None
6. The provisions, if any, for the issuance of fractional shares, or for the payment of money or the issuance of scrip to stockholders otherwise entitled to a fraction of a share and the percentage of outstanding shares affected thereby:
None
7. Effective date of filling (optional): 3/7/07
8. Officer Signature: (No name printed, just signature)
CERTIFICATE OF DISSOLUTION:
Document Number: 20080195772-21
Filing Date and Time: 03/21/2008 11:12AM
Entity Number: C6703-2004
1. Name of Corporation:
America Asia Petroleum Corporation
2. The resolution to dissolve said corporation has been approved by the directors or both the directors and stockholders as provided in NRS 78.580 (1) and (2). The names and addresses of the president, secretary, treasurer, and directors' are:
John Bows
Name of president
Jack Bows
Name of secretary
George Shen
Name of treasurer
(name missing)
Name of director
David Chio
Name of additional director, if any
3. Effective Date of Dissolution (optional)
4. Officer Signature: (No name printed, just signature)
------
This is all I am afraid. Thoughts anyone?
Where did you get this from, poster?
I just got off the phone with an E-Trade representative from Corporate Actions. He did not decline the reorg-wire about merger involving former AAPU, but could not give me a firm date.
In the meantime, I called Nevada Secretary of State to order copies of the last amendment to the article of incorporation (the R/S from last year), and the article of dissolution. Those who also want copies call 1-800-450-8594 (Copies Division). Mind though that they charge $2 per page! i hope to get the copies within 2 weeks (just the processing time is 5-7 business days). Well, the merger might happen in the meantime. Keep my fingers crossed!
Have a great weekend all!
Time to go on vacation.
Looks like another conversion is in the works today. DOMS just lowered the ASK to 0.0012.
I smell a close at 2 pennies. Anyone with me?!
MM STEW is cooked!
Sure, will do billion!
Poster, how are you doing bro? we are one and the same person with different alias, remember. lol
Me too! What a day! )
cheers!
The penny for close looks very likely brikk. ))))))))
That is IT! Great team work folks!
Now penny here we come tomorrow!
NITE is backing off the ASK at 0.0065! UBSS is already at 0.01!
We will close above the resistance at 0.006 IMHO!
Let us pass that resistance at 0.006 and penny land here we come!
Thanks YOB! I think that this investment will turn out very good for us. It is just matter of time.
Thanks, Figs! I appreciate that. Now let us make some money elsewhere.
5's are getting some love!
Apr 30 is tomorrow, and I know that I will be crucified if nothing happens regarding the company reorganization. I simply shared with the board what I was told by E-Trade, and I asked for independent confirmations. We wait and see what happens. Not that there is anything we can do with our non-tradable AAPU shares at this point. We are all on the same train folks; I hope that AC takes us to the promised land.
GLTA!
NITE is on the best bid loading up shares at 0.0004. VFIN backed on the ask at 0.001!
The launch time is near!
Yep, looks like we are up for another conversion today @ 0.0011. DOMS lowered the ask to 0.0012. It appears that these conversions happen every other trading day now.
GLTA!
This is strange indeed! I use Stockhouse realtime L2 everything appears to be fine on my end....
Guys, what are you talking about? I see ETRD and UBSS at the bid (0.0011) and UBSS at the ask (0.0014) on my L2.
I also threw in a few hundreds $$$ in here. The chart still looks bullish: there were lots of sellers yesterday (Fri sell-off one might say), but towards the end of day there was buying interest, and we closed at the middle Bollinger line, which is bullish!
I do not think there was dilution on Fri, just people getting out. The float appears to be tight! We will see how this trades on Mon, but IMHO this will go up.
GLTA!
Here comes the rebound!
My thought precisely too!
What happened here? I was off for a few hours, and in the mean time HFBV went nuts. Wow, what a push!!!!
Great trading today! Added another 80K at 0.027.
Let us rock & roll!
Sheff, thanks a lot for the PM regarding GSHN! I appreciate that!
This looks good!!!
Thanks billion$man! What I have heard today definitely got me excited!
Poster, the last year's R/S was in effect on Apr 30.
http://otcbb.com/asp/dailylist_search.asp?DirectSymbol=AAPU&OTCBB=ALL
Where was a coincidence in the dates (a year apart of course), and that is why I asked the broker to double check things. He said April 30 this year!
Thanks, captskip! If DOMS brings the PPS down again, I will buy more. Gosh, i am building a decent size position here. Good things are ahead of us. The time is near, IMHO!
GLTA!
At first I thought that the broker was talking about the reverse split that took place last year (again on April 30), but he said no, what I have is new information about the reorganization of this company. That is all i can say at this point. We all wait and see what happens on April 30.
GLTA!
No, that trade of 1.3MM shares was my buy order filled.
Ha, something very strange is going on! Just spoke with someone from E-Trade again. I was told that AAPU is going through a reorganization that is going to take effect on April 30. I talk to E-Trade brokers on a daily basis; there was nothing under 02363N205 last Fri. So, I have heard today is new! Can other people check with their brokers to see what info they get?
Looks like it. Just scooped another 1.3MM shares. Loving it!
Thanks, $H! GLTY too!
Thanks for the great DD guys!
I am in folks! Just bought under a million at the ask. Let us rock & roll!
Boardmark 54 is mine!
This is insane!!!! Over 6MM shares traded in less than 15 mins!
The resistance at 2.2cents is falling! AMAZING!!!
Wow, lots of buys juts came through! Sweeeeeeeet!
So, this basically means that the conversions will stop on May 11. This gives us a timeline, correct?
YES, we have got a conversion! Good for us (grabbed a few @0.0016) AND good for them!