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PIHN Hopefully tomorrow I can buy on a dip when peeps take profits
PIHN some incredible trading this week! Too bad I missed out
WAMUQ - anyone know what resulted from the supposed 401k selloff on the 22nd?
Ya WAMUQ but be careful lots of legal wrangling there
Keep an eye on NEXM, earnings 3-31
LEHMQ pullin a WAMUQ
WAMUQ reorg plan hits tomorrow
Dude thats million, not billion. big difference!
AEXP moving slowly on an upward path
BEDA nice move
AEXP - jus sayin...
AEXP gonna hit everyone's radar soon, way oversold, even without merger news. Above average volume and percentage gain will get their attention. This is a nice 3-5 bagger short term imo. insider buying and merger w/ MNLU, has the ingredients for a sweet run.
AEXP flying under the radar...up 15% on low volume...will definitely explode soon imo
AEXP DD - insider buys galore last few days:
1. Name and Address of Reporting Person *
Minhas Moni 2. Issuer Name and Ticker or Trading Symbol
American Exploration Corp (AEXP) 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give _____ Other (specify
title below) below)
Treasurer /
(Last) (First) (Middle)
407 2ND STREET SW
, SUITE 700 3. Date of Earliest Transaction (Month/Day/Year)
12/31/2009
(Street)
CALGARY A0 T2P 2Y3 4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Join/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month / Day / Year) 2A. Deemed Execution Date, if any (Month / Day / Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/31/2009 G 1,605,000 A $ 0 2,100,000 D
FORM 4
• Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person *
Harding Steven Craig 2. Issuer Name and Ticker or Trading Symbol
American Exploration Corp (AEXP) 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give _____ Other (specify
title below) below)
President/CEO /
(Last) (First) (Middle)
407 2ND STREET SW
, SUITE 700 3. Date of Earliest Transaction (Month/Day/Year)
03/19/2010
(Street)
CALGARY A0 T2P 2Y3 4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Join/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month / Day / Year) 2A. Deemed Execution Date, if any (Month / Day / Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/19/2010 P 650,000 A $ 0.05 2,150,000 D
FORM 4
• Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person *
DHALIWAL HARBANCE 2. Issuer Name and Ticker or Trading Symbol
American Exploration Corp (AEXP) 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give _____ Other (specify
title below) below)
(Last) (First) (Middle)
4651 SHELL ROAD
, # 140 3. Date of Earliest Transaction (Month/Day/Year)
03/19/2010
(Street)
RICHMOND A1 V6X 3M3 4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Join/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month / Day / Year) 2A. Deemed Execution Date, if any (Month / Day / Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/19/2010 P 275,000 A $ 0.05 275,000 D
1. Name and Address of Reporting Person *
RANDHAWA DEVINDER 2. Issuer Name and Ticker or Trading Symbol
American Exploration Corp (AEXP) 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give _____ Other (specify
title below) below)
(Last) (First) (Middle)
700-1620 DICKSON AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
03/19/2010
(Street)
KELOWNA A1 V1Y 9Y2 4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Join/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month / Day / Year) 2A. Deemed Execution Date, if any (Month / Day / Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/19/2010 P 200,000 A $ 0.05 3,200,000 D
AEXP MERGER + Bottom Bounce!!
Day's Range 52-Wk Range Avg Volume EPS P/E
0.27 - 0.32 0.23 - 2.55 264,000 -0.03 -
Market Cap Outstanding Float Dividend / Yield Ex-Div Date
$ 18.85M 58,900,000 49,557,500 $ - / -% -
American Exploration Corp. and Mainland Resources, Inc. Announce Merger Agreement9:05a ET March 23, 2010 (PR NewsWire)
American Exploration Corporation (OTC Bulletin Board: AEXP, Frankfurt: EQO) ("American Exploration") and Mainland Resources, Inc. (OTC Bulletin Board: MNLU, Frankfurt: 5MN) ("Mainland') announced today that their respective boards of directors have approved a stock-for-stock merger to be effected under the laws of Nevada, and that the companies have signed a definitive Merger Agreement and Plan of Merger (the "Merger Agreement"). If the merger is completed, Mainland will be the surviving corporation, and will become vested with all of American Exploration's assets and property.
Under the terms of the Merger Agreement, American Exploration's stockholders will receive one share of Mainland common stock for every four shares of American Exploration common stock they own. Currently, there are approximately 59,718,000 shares of American Exploration common stock outstanding, with the result that approximately 14,929,500 shares of Mainland common stock are anticipated to be issued to former stockholders of American Exploration upon completion of the merger. Based on the closing market price of Mainland's common stock of $1.23 per share, as reported by the OTC Bulletin Board, on March 22, 2010, the total share consideration to be issued to American Exploration's stockholders will be worth approximately $18,363,285, and they will hold approximately 15.6% of the issued and outstanding common stock of Mainland, as the surviving corporation.
The merger will be subject to various conditions, including: the approval of the respective stockholders of each of American Exploration and Mainland; completion within 30 days by each party, to its satisfaction, of due diligence investigation of the other party's business and affairs to determine the feasibility, economic or otherwise, of the merger; the number of holders of American Exploration common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of American Exploration common stock; the number of holders of Mainland common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of Mainland common stock; each party shall have received a draft fairness opinion (each, a "Fairness Opinion") of its own independent financial advisor to the effect that, as of the date of the Merger Agreement, the merger is fair from a financial point of view to holders of such party's stockholders (subject to the assumptions, qualifications and limitations relating to such opinion), and such party's Board of Directors shall have approved of and accepted such draft Fairness Opinion; and other customary conditions. In addition, each party's obligation to consummate the merger is subject to the accuracy of the representations and warranties of the other party and material compliance of the other party with its covenants.
The ratio (the "Exchange Ratio") which determines the number of shares of Mainland common stock that are to be issued on completion of the merger for all of the shares of American Exploration common stock is subject to reduction by the shares of American Exploration common stock held by those stockholders, if any, who elect to exercise dissent rights under Nevada law. The Exchange Ratio also may be adjusted by good faith negotiation between the parties if required, having regard to (a) the results of the due diligence investigation of a party's business and affairs by the other party, or (b) the Fairness Opinions.
The Merger Agreement also contemplates that: (a) all outstanding common stock options of American Exploration (the "American Exploration Options") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable stock options (the "Mainland Exchange Options"); and (b) all of the outstanding common stock purchase warrants of American Exploration (the "American Exploration Warrants") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable common stock purchase warrants (the "Mainland Exchange Warrants"). The number of Mainland Exchange Options and Mainland Exchange Warrants issuable will be determined with reference to the Exchange Ratio. Currently, the Exchange Ratio is anticipated to be one Mainland Exchange Option or one Mainland Exchange Warrant for every four American Exploration Options or every four American Exploration Warrants, as the case may be. The Mainland Exchange Options will be exercisable at a price of $1.50 per share; the exercise price of each Mainland Exchange Warrant is anticipated to be determined by multiplying the per share exercise price of the corresponding American Exploration Warrants by four, subject to adjustment if the Exchange Ratio is adjusted.
The Merger Agreement provides that not more than 15,000,000 shares of Mainland common stock shall be issued in exchange for shares of American Exploration common stock pursuant to the merger (exclusive of any shares of Mainland common stocks issued in exchange for shares of American Exploration common stock which are issued upon exercise prior to closing of any outstanding American Exploration Options or American Exploration Warrants).
The foregoing description of the merger and the Merger Agreement is not complete and is qualified in its entirety by reference to the Merger Agreement.
For more information on American Exploration, investors should review American Exploration's filings with the United States Securities Commission at www.sec.gov.
For more information on Mainland, investors should review the Mainland's filings with the United States Securities Commission at www.sec.gov.
About American Exploration Corp.
American Exploration Corp. is engaged in the exploration and development of oil and gas prospects with the potential for discovery of new or unconventional hydrocarbon resources in the continental United States.
Contact:
Mr. Steve Harding
Tel. 403-233-8484
American Exploration Corp.
Suite 700, 407 2nd St. SW
Calgary, Alberta T2P 2Y3
Canada
AEXP MERGER+ Bottom Bounce!!
Day's Range 52-Wk Range Avg Volume EPS P/E
0.27 - 0.32 0.23 - 2.55 264,000 -0.03 -
Market Cap Outstanding Float Dividend / Yield Ex-Div Date
$ 18.85M 58,900,000 49,557,500 $ - / -% -
American Exploration Corp. and Mainland Resources, Inc. Announce Merger Agreement9:05a ET March 23, 2010 (PR NewsWire)
American Exploration Corporation (OTC Bulletin Board: AEXP, Frankfurt: EQO) ("American Exploration") and Mainland Resources, Inc. (OTC Bulletin Board: MNLU, Frankfurt: 5MN) ("Mainland') announced today that their respective boards of directors have approved a stock-for-stock merger to be effected under the laws of Nevada, and that the companies have signed a definitive Merger Agreement and Plan of Merger (the "Merger Agreement"). If the merger is completed, Mainland will be the surviving corporation, and will become vested with all of American Exploration's assets and property.
Under the terms of the Merger Agreement, American Exploration's stockholders will receive one share of Mainland common stock for every four shares of American Exploration common stock they own. Currently, there are approximately 59,718,000 shares of American Exploration common stock outstanding, with the result that approximately 14,929,500 shares of Mainland common stock are anticipated to be issued to former stockholders of American Exploration upon completion of the merger. Based on the closing market price of Mainland's common stock of $1.23 per share, as reported by the OTC Bulletin Board, on March 22, 2010, the total share consideration to be issued to American Exploration's stockholders will be worth approximately $18,363,285, and they will hold approximately 15.6% of the issued and outstanding common stock of Mainland, as the surviving corporation.
The merger will be subject to various conditions, including: the approval of the respective stockholders of each of American Exploration and Mainland; completion within 30 days by each party, to its satisfaction, of due diligence investigation of the other party's business and affairs to determine the feasibility, economic or otherwise, of the merger; the number of holders of American Exploration common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of American Exploration common stock; the number of holders of Mainland common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of Mainland common stock; each party shall have received a draft fairness opinion (each, a "Fairness Opinion") of its own independent financial advisor to the effect that, as of the date of the Merger Agreement, the merger is fair from a financial point of view to holders of such party's stockholders (subject to the assumptions, qualifications and limitations relating to such opinion), and such party's Board of Directors shall have approved of and accepted such draft Fairness Opinion; and other customary conditions. In addition, each party's obligation to consummate the merger is subject to the accuracy of the representations and warranties of the other party and material compliance of the other party with its covenants.
The ratio (the "Exchange Ratio") which determines the number of shares of Mainland common stock that are to be issued on completion of the merger for all of the shares of American Exploration common stock is subject to reduction by the shares of American Exploration common stock held by those stockholders, if any, who elect to exercise dissent rights under Nevada law. The Exchange Ratio also may be adjusted by good faith negotiation between the parties if required, having regard to (a) the results of the due diligence investigation of a party's business and affairs by the other party, or (b) the Fairness Opinions.
The Merger Agreement also contemplates that: (a) all outstanding common stock options of American Exploration (the "American Exploration Options") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable stock options (the "Mainland Exchange Options"); and (b) all of the outstanding common stock purchase warrants of American Exploration (the "American Exploration Warrants") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable common stock purchase warrants (the "Mainland Exchange Warrants"). The number of Mainland Exchange Options and Mainland Exchange Warrants issuable will be determined with reference to the Exchange Ratio. Currently, the Exchange Ratio is anticipated to be one Mainland Exchange Option or one Mainland Exchange Warrant for every four American Exploration Options or every four American Exploration Warrants, as the case may be. The Mainland Exchange Options will be exercisable at a price of $1.50 per share; the exercise price of each Mainland Exchange Warrant is anticipated to be determined by multiplying the per share exercise price of the corresponding American Exploration Warrants by four, subject to adjustment if the Exchange Ratio is adjusted.
The Merger Agreement provides that not more than 15,000,000 shares of Mainland common stock shall be issued in exchange for shares of American Exploration common stock pursuant to the merger (exclusive of any shares of Mainland common stocks issued in exchange for shares of American Exploration common stock which are issued upon exercise prior to closing of any outstanding American Exploration Options or American Exploration Warrants).
The foregoing description of the merger and the Merger Agreement is not complete and is qualified in its entirety by reference to the Merger Agreement.
For more information on American Exploration, investors should review American Exploration's filings with the United States Securities Commission at www.sec.gov.
For more information on Mainland, investors should review the Mainland's filings with the United States Securities Commission at www.sec.gov.
About American Exploration Corp.
American Exploration Corp. is engaged in the exploration and development of oil and gas prospects with the potential for discovery of new or unconventional hydrocarbon resources in the continental United States.
Contact:
Mr. Steve Harding
Tel. 403-233-8484
American Exploration Corp.
Suite 700, 407 2nd St. SW
Calgary, Alberta T2P 2Y3
Canada
AEXP MERGER!! Under the radar!
Perfectly timed on a bottom bounce THE PERFECT STORM!!!!!
Day's Range 52-Wk Range Avg Volume EPS P/E
0.27 - 0.32 0.23 - 2.55 264,000 -0.03 -
Market Cap Outstanding Float Dividend / Yield Ex-Div Date
$ 18.85M 58,900,000 49,557,500 $ - / -% -
American Exploration Corp. and Mainland Resources, Inc. Announce Merger Agreement9:05a ET March 23, 2010 (PR NewsWire)
American Exploration Corporation (OTC Bulletin Board: AEXP, Frankfurt: EQO) ("American Exploration") and Mainland Resources, Inc. (OTC Bulletin Board: MNLU, Frankfurt: 5MN) ("Mainland') announced today that their respective boards of directors have approved a stock-for-stock merger to be effected under the laws of Nevada, and that the companies have signed a definitive Merger Agreement and Plan of Merger (the "Merger Agreement"). If the merger is completed, Mainland will be the surviving corporation, and will become vested with all of American Exploration's assets and property.
Under the terms of the Merger Agreement, American Exploration's stockholders will receive one share of Mainland common stock for every four shares of American Exploration common stock they own. Currently, there are approximately 59,718,000 shares of American Exploration common stock outstanding, with the result that approximately 14,929,500 shares of Mainland common stock are anticipated to be issued to former stockholders of American Exploration upon completion of the merger. Based on the closing market price of Mainland's common stock of $1.23 per share, as reported by the OTC Bulletin Board, on March 22, 2010, the total share consideration to be issued to American Exploration's stockholders will be worth approximately $18,363,285, and they will hold approximately 15.6% of the issued and outstanding common stock of Mainland, as the surviving corporation.
The merger will be subject to various conditions, including: the approval of the respective stockholders of each of American Exploration and Mainland; completion within 30 days by each party, to its satisfaction, of due diligence investigation of the other party's business and affairs to determine the feasibility, economic or otherwise, of the merger; the number of holders of American Exploration common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of American Exploration common stock; the number of holders of Mainland common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of Mainland common stock; each party shall have received a draft fairness opinion (each, a "Fairness Opinion") of its own independent financial advisor to the effect that, as of the date of the Merger Agreement, the merger is fair from a financial point of view to holders of such party's stockholders (subject to the assumptions, qualifications and limitations relating to such opinion), and such party's Board of Directors shall have approved of and accepted such draft Fairness Opinion; and other customary conditions. In addition, each party's obligation to consummate the merger is subject to the accuracy of the representations and warranties of the other party and material compliance of the other party with its covenants.
The ratio (the "Exchange Ratio") which determines the number of shares of Mainland common stock that are to be issued on completion of the merger for all of the shares of American Exploration common stock is subject to reduction by the shares of American Exploration common stock held by those stockholders, if any, who elect to exercise dissent rights under Nevada law. The Exchange Ratio also may be adjusted by good faith negotiation between the parties if required, having regard to (a) the results of the due diligence investigation of a party's business and affairs by the other party, or (b) the Fairness Opinions.
The Merger Agreement also contemplates that: (a) all outstanding common stock options of American Exploration (the "American Exploration Options") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable stock options (the "Mainland Exchange Options"); and (b) all of the outstanding common stock purchase warrants of American Exploration (the "American Exploration Warrants") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable common stock purchase warrants (the "Mainland Exchange Warrants"). The number of Mainland Exchange Options and Mainland Exchange Warrants issuable will be determined with reference to the Exchange Ratio. Currently, the Exchange Ratio is anticipated to be one Mainland Exchange Option or one Mainland Exchange Warrant for every four American Exploration Options or every four American Exploration Warrants, as the case may be. The Mainland Exchange Options will be exercisable at a price of $1.50 per share; the exercise price of each Mainland Exchange Warrant is anticipated to be determined by multiplying the per share exercise price of the corresponding American Exploration Warrants by four, subject to adjustment if the Exchange Ratio is adjusted.
The Merger Agreement provides that not more than 15,000,000 shares of Mainland common stock shall be issued in exchange for shares of American Exploration common stock pursuant to the merger (exclusive of any shares of Mainland common stocks issued in exchange for shares of American Exploration common stock which are issued upon exercise prior to closing of any outstanding American Exploration Options or American Exploration Warrants).
The foregoing description of the merger and the Merger Agreement is not complete and is qualified in its entirety by reference to the Merger Agreement.
For more information on American Exploration, investors should review American Exploration's filings with the United States Securities Commission at www.sec.gov.
For more information on Mainland, investors should review the Mainland's filings with the United States Securities Commission at www.sec.gov.
About American Exploration Corp.
American Exploration Corp. is engaged in the exploration and development of oil and gas prospects with the potential for discovery of new or unconventional hydrocarbon resources in the continental United States.
Contact:
Mr. Steve Harding
Tel. 403-233-8484
American Exploration Corp.
Suite 700, 407 2nd St. SW
Calgary, Alberta T2P 2Y3
Canada
AEXP these .3's aint gonna last long
This ones gonna rock your world...[b]AEXP MERGER!!
Perfectly timed on a bottom bounce THE PERFECT STORM!!!!!
Day's Range 52-Wk Range Avg Volume EPS P/E
0.27 - 0.32 0.23 - 2.55 264,000 -0.03 -
Market Cap Outstanding Float Dividend / Yield Ex-Div Date
$ 18.85M 58,900,000 49,557,500 $ - / -% -
American Exploration Corp. and Mainland Resources, Inc. Announce Merger Agreement9:05a ET March 23, 2010 (PR NewsWire)
American Exploration Corporation (OTC Bulletin Board: AEXP, Frankfurt: EQO) ("American Exploration") and Mainland Resources, Inc. (OTC Bulletin Board: MNLU, Frankfurt: 5MN) ("Mainland') announced today that their respective boards of directors have approved a stock-for-stock merger to be effected under the laws of Nevada, and that the companies have signed a definitive Merger Agreement and Plan of Merger (the "Merger Agreement"). If the merger is completed, Mainland will be the surviving corporation, and will become vested with all of American Exploration's assets and property.
Under the terms of the Merger Agreement, American Exploration's stockholders will receive one share of Mainland common stock for every four shares of American Exploration common stock they own. Currently, there are approximately 59,718,000 shares of American Exploration common stock outstanding, with the result that approximately 14,929,500 shares of Mainland common stock are anticipated to be issued to former stockholders of American Exploration upon completion of the merger. Based on the closing market price of Mainland's common stock of $1.23 per share, as reported by the OTC Bulletin Board, on March 22, 2010, the total share consideration to be issued to American Exploration's stockholders will be worth approximately $18,363,285, and they will hold approximately 15.6% of the issued and outstanding common stock of Mainland, as the surviving corporation.
The merger will be subject to various conditions, including: the approval of the respective stockholders of each of American Exploration and Mainland; completion within 30 days by each party, to its satisfaction, of due diligence investigation of the other party's business and affairs to determine the feasibility, economic or otherwise, of the merger; the number of holders of American Exploration common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of American Exploration common stock; the number of holders of Mainland common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of Mainland common stock; each party shall have received a draft fairness opinion (each, a "Fairness Opinion") of its own independent financial advisor to the effect that, as of the date of the Merger Agreement, the merger is fair from a financial point of view to holders of such party's stockholders (subject to the assumptions, qualifications and limitations relating to such opinion), and such party's Board of Directors shall have approved of and accepted such draft Fairness Opinion; and other customary conditions. In addition, each party's obligation to consummate the merger is subject to the accuracy of the representations and warranties of the other party and material compliance of the other party with its covenants.
The ratio (the "Exchange Ratio") which determines the number of shares of Mainland common stock that are to be issued on completion of the merger for all of the shares of American Exploration common stock is subject to reduction by the shares of American Exploration common stock held by those stockholders, if any, who elect to exercise dissent rights under Nevada law. The Exchange Ratio also may be adjusted by good faith negotiation between the parties if required, having regard to (a) the results of the due diligence investigation of a party's business and affairs by the other party, or (b) the Fairness Opinions.
The Merger Agreement also contemplates that: (a) all outstanding common stock options of American Exploration (the "American Exploration Options") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable stock options (the "Mainland Exchange Options"); and (b) all of the outstanding common stock purchase warrants of American Exploration (the "American Exploration Warrants") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable common stock purchase warrants (the "Mainland Exchange Warrants"). The number of Mainland Exchange Options and Mainland Exchange Warrants issuable will be determined with reference to the Exchange Ratio. Currently, the Exchange Ratio is anticipated to be one Mainland Exchange Option or one Mainland Exchange Warrant for every four American Exploration Options or every four American Exploration Warrants, as the case may be. The Mainland Exchange Options will be exercisable at a price of $1.50 per share; the exercise price of each Mainland Exchange Warrant is anticipated to be determined by multiplying the per share exercise price of the corresponding American Exploration Warrants by four, subject to adjustment if the Exchange Ratio is adjusted.
The Merger Agreement provides that not more than 15,000,000 shares of Mainland common stock shall be issued in exchange for shares of American Exploration common stock pursuant to the merger (exclusive of any shares of Mainland common stocks issued in exchange for shares of American Exploration common stock which are issued upon exercise prior to closing of any outstanding American Exploration Options or American Exploration Warrants).
The foregoing description of the merger and the Merger Agreement is not complete and is qualified in its entirety by reference to the Merger Agreement.
For more information on American Exploration, investors should review American Exploration's filings with the United States Securities Commission at www.sec.gov.
For more information on Mainland, investors should review the Mainland's filings with the United States Securities Commission at www.sec.gov.
About American Exploration Corp.
American Exploration Corp. is engaged in the exploration and development of oil and gas prospects with the potential for discovery of new or unconventional hydrocarbon resources in the continental United States.
Contact:
Mr. Steve Harding
Tel. 403-233-8484
American Exploration Corp.
Suite 700, 407 2nd St. SW
Calgary, Alberta T2P 2Y3
Canada
This ones gonna rock your world...AEXP MERGER!!
Perfectly timed on a bottom bounce THE PERFECT STORM!!!!!
Day's Range 52-Wk Range Avg Volume EPS P/E
0.27 - 0.32 0.23 - 2.55 264,000 -0.03 -
Market Cap Outstanding Float Dividend / Yield Ex-Div Date
$ 18.85M 58,900,000 49,557,500 $ - / -% -
American Exploration Corp. and Mainland Resources, Inc. Announce Merger Agreement9:05a ET March 23, 2010 (PR NewsWire)
American Exploration Corporation (OTC Bulletin Board: AEXP, Frankfurt: EQO) ("American Exploration") and Mainland Resources, Inc. (OTC Bulletin Board: MNLU, Frankfurt: 5MN) ("Mainland') announced today that their respective boards of directors have approved a stock-for-stock merger to be effected under the laws of Nevada, and that the companies have signed a definitive Merger Agreement and Plan of Merger (the "Merger Agreement"). If the merger is completed, Mainland will be the surviving corporation, and will become vested with all of American Exploration's assets and property.
Under the terms of the Merger Agreement, American Exploration's stockholders will receive one share of Mainland common stock for every four shares of American Exploration common stock they own. Currently, there are approximately 59,718,000 shares of American Exploration common stock outstanding, with the result that approximately 14,929,500 shares of Mainland common stock are anticipated to be issued to former stockholders of American Exploration upon completion of the merger. Based on the closing market price of Mainland's common stock of $1.23 per share, as reported by the OTC Bulletin Board, on March 22, 2010, the total share consideration to be issued to American Exploration's stockholders will be worth approximately $18,363,285, and they will hold approximately 15.6% of the issued and outstanding common stock of Mainland, as the surviving corporation.
The merger will be subject to various conditions, including: the approval of the respective stockholders of each of American Exploration and Mainland; completion within 30 days by each party, to its satisfaction, of due diligence investigation of the other party's business and affairs to determine the feasibility, economic or otherwise, of the merger; the number of holders of American Exploration common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of American Exploration common stock; the number of holders of Mainland common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of Mainland common stock; each party shall have received a draft fairness opinion (each, a "Fairness Opinion") of its own independent financial advisor to the effect that, as of the date of the Merger Agreement, the merger is fair from a financial point of view to holders of such party's stockholders (subject to the assumptions, qualifications and limitations relating to such opinion), and such party's Board of Directors shall have approved of and accepted such draft Fairness Opinion; and other customary conditions. In addition, each party's obligation to consummate the merger is subject to the accuracy of the representations and warranties of the other party and material compliance of the other party with its covenants.
The ratio (the "Exchange Ratio") which determines the number of shares of Mainland common stock that are to be issued on completion of the merger for all of the shares of American Exploration common stock is subject to reduction by the shares of American Exploration common stock held by those stockholders, if any, who elect to exercise dissent rights under Nevada law. The Exchange Ratio also may be adjusted by good faith negotiation between the parties if required, having regard to (a) the results of the due diligence investigation of a party's business and affairs by the other party, or (b) the Fairness Opinions.
The Merger Agreement also contemplates that: (a) all outstanding common stock options of American Exploration (the "American Exploration Options") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable stock options (the "Mainland Exchange Options"); and (b) all of the outstanding common stock purchase warrants of American Exploration (the "American Exploration Warrants") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable common stock purchase warrants (the "Mainland Exchange Warrants"). The number of Mainland Exchange Options and Mainland Exchange Warrants issuable will be determined with reference to the Exchange Ratio. Currently, the Exchange Ratio is anticipated to be one Mainland Exchange Option or one Mainland Exchange Warrant for every four American Exploration Options or every four American Exploration Warrants, as the case may be. The Mainland Exchange Options will be exercisable at a price of $1.50 per share; the exercise price of each Mainland Exchange Warrant is anticipated to be determined by multiplying the per share exercise price of the corresponding American Exploration Warrants by four, subject to adjustment if the Exchange Ratio is adjusted.
The Merger Agreement provides that not more than 15,000,000 shares of Mainland common stock shall be issued in exchange for shares of American Exploration common stock pursuant to the merger (exclusive of any shares of Mainland common stocks issued in exchange for shares of American Exploration common stock which are issued upon exercise prior to closing of any outstanding American Exploration Options or American Exploration Warrants).
The foregoing description of the merger and the Merger Agreement is not complete and is qualified in its entirety by reference to the Merger Agreement.
For more information on American Exploration, investors should review American Exploration's filings with the United States Securities Commission at www.sec.gov.
For more information on Mainland, investors should review the Mainland's filings with the United States Securities Commission at www.sec.gov.
About American Exploration Corp.
American Exploration Corp. is engaged in the exploration and development of oil and gas prospects with the potential for discovery of new or unconventional hydrocarbon resources in the continental United States.
Contact:
Mr. Steve Harding
Tel. 403-233-8484
American Exploration Corp.
Suite 700, 407 2nd St. SW
Calgary, Alberta T2P 2Y3
Canada
This ones gonna rock your world...AEXP MERGER!!
Perfectly timed on a bottom bounce THE PERFECT STORM!!!!!
Day's Range 52-Wk Range Avg Volume EPS P/E
0.27 - 0.32 0.23 - 2.55 264,000 -0.03 -
Market Cap Outstanding Float Dividend / Yield Ex-Div Date
$ 18.85M 58,900,000 49,557,500 $ - / -% -
American Exploration Corp. and Mainland Resources, Inc. Announce Merger Agreement9:05a ET March 23, 2010 (PR NewsWire)
American Exploration Corporation (OTC Bulletin Board: AEXP, Frankfurt: EQO) ("American Exploration") and Mainland Resources, Inc. (OTC Bulletin Board: MNLU, Frankfurt: 5MN) ("Mainland') announced today that their respective boards of directors have approved a stock-for-stock merger to be effected under the laws of Nevada, and that the companies have signed a definitive Merger Agreement and Plan of Merger (the "Merger Agreement"). If the merger is completed, Mainland will be the surviving corporation, and will become vested with all of American Exploration's assets and property.
Under the terms of the Merger Agreement, American Exploration's stockholders will receive one share of Mainland common stock for every four shares of American Exploration common stock they own. Currently, there are approximately 59,718,000 shares of American Exploration common stock outstanding, with the result that approximately 14,929,500 shares of Mainland common stock are anticipated to be issued to former stockholders of American Exploration upon completion of the merger. Based on the closing market price of Mainland's common stock of $1.23 per share, as reported by the OTC Bulletin Board, on March 22, 2010, the total share consideration to be issued to American Exploration's stockholders will be worth approximately $18,363,285, and they will hold approximately 15.6% of the issued and outstanding common stock of Mainland, as the surviving corporation.
The merger will be subject to various conditions, including: the approval of the respective stockholders of each of American Exploration and Mainland; completion within 30 days by each party, to its satisfaction, of due diligence investigation of the other party's business and affairs to determine the feasibility, economic or otherwise, of the merger; the number of holders of American Exploration common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of American Exploration common stock; the number of holders of Mainland common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of Mainland common stock; each party shall have received a draft fairness opinion (each, a "Fairness Opinion") of its own independent financial advisor to the effect that, as of the date of the Merger Agreement, the merger is fair from a financial point of view to holders of such party's stockholders (subject to the assumptions, qualifications and limitations relating to such opinion), and such party's Board of Directors shall have approved of and accepted such draft Fairness Opinion; and other customary conditions. In addition, each party's obligation to consummate the merger is subject to the accuracy of the representations and warranties of the other party and material compliance of the other party with its covenants.
The ratio (the "Exchange Ratio") which determines the number of shares of Mainland common stock that are to be issued on completion of the merger for all of the shares of American Exploration common stock is subject to reduction by the shares of American Exploration common stock held by those stockholders, if any, who elect to exercise dissent rights under Nevada law. The Exchange Ratio also may be adjusted by good faith negotiation between the parties if required, having regard to (a) the results of the due diligence investigation of a party's business and affairs by the other party, or (b) the Fairness Opinions.
The Merger Agreement also contemplates that: (a) all outstanding common stock options of American Exploration (the "American Exploration Options") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable stock options (the "Mainland Exchange Options"); and (b) all of the outstanding common stock purchase warrants of American Exploration (the "American Exploration Warrants") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable common stock purchase warrants (the "Mainland Exchange Warrants"). The number of Mainland Exchange Options and Mainland Exchange Warrants issuable will be determined with reference to the Exchange Ratio. Currently, the Exchange Ratio is anticipated to be one Mainland Exchange Option or one Mainland Exchange Warrant for every four American Exploration Options or every four American Exploration Warrants, as the case may be. The Mainland Exchange Options will be exercisable at a price of $1.50 per share; the exercise price of each Mainland Exchange Warrant is anticipated to be determined by multiplying the per share exercise price of the corresponding American Exploration Warrants by four, subject to adjustment if the Exchange Ratio is adjusted.
The Merger Agreement provides that not more than 15,000,000 shares of Mainland common stock shall be issued in exchange for shares of American Exploration common stock pursuant to the merger (exclusive of any shares of Mainland common stocks issued in exchange for shares of American Exploration common stock which are issued upon exercise prior to closing of any outstanding American Exploration Options or American Exploration Warrants).
The foregoing description of the merger and the Merger Agreement is not complete and is qualified in its entirety by reference to the Merger Agreement.
For more information on American Exploration, investors should review American Exploration's filings with the United States Securities Commission at www.sec.gov.
For more information on Mainland, investors should review the Mainland's filings with the United States Securities Commission at www.sec.gov.
About American Exploration Corp.
American Exploration Corp. is engaged in the exploration and development of oil and gas prospects with the potential for discovery of new or unconventional hydrocarbon resources in the continental United States.
Contact:
Mr. Steve Harding
Tel. 403-233-8484
American Exploration Corp.
Suite 700, 407 2nd St. SW
Calgary, Alberta T2P 2Y3
Canada
AEXP u heard it here first, baggers get first dibs!
Perfectly timed on a bottom bounce THE PERFECT STORM!!!!!
Day's Range 52-Wk Range Avg Volume EPS P/E
0.27 - 0.32 0.23 - 2.55 264,000 -0.03 -
Market Cap Outstanding Float Dividend / Yield Ex-Div Date
$ 18.85M 58,900,000 49,557,500 $ - / -% -
American Exploration Corp. and Mainland Resources, Inc. Announce Merger Agreement9:05a ET March 23, 2010 (PR NewsWire)
American Exploration Corporation (OTC Bulletin Board: AEXP, Frankfurt: EQO) ("American Exploration") and Mainland Resources, Inc. (OTC Bulletin Board: MNLU, Frankfurt: 5MN) ("Mainland') announced today that their respective boards of directors have approved a stock-for-stock merger to be effected under the laws of Nevada, and that the companies have signed a definitive Merger Agreement and Plan of Merger (the "Merger Agreement"). If the merger is completed, Mainland will be the surviving corporation, and will become vested with all of American Exploration's assets and property.
Under the terms of the Merger Agreement, American Exploration's stockholders will receive one share of Mainland common stock for every four shares of American Exploration common stock they own. Currently, there are approximately 59,718,000 shares of American Exploration common stock outstanding, with the result that approximately 14,929,500 shares of Mainland common stock are anticipated to be issued to former stockholders of American Exploration upon completion of the merger. Based on the closing market price of Mainland's common stock of $1.23 per share, as reported by the OTC Bulletin Board, on March 22, 2010, the total share consideration to be issued to American Exploration's stockholders will be worth approximately $18,363,285, and they will hold approximately 15.6% of the issued and outstanding common stock of Mainland, as the surviving corporation.
The merger will be subject to various conditions, including: the approval of the respective stockholders of each of American Exploration and Mainland; completion within 30 days by each party, to its satisfaction, of due diligence investigation of the other party's business and affairs to determine the feasibility, economic or otherwise, of the merger; the number of holders of American Exploration common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of American Exploration common stock; the number of holders of Mainland common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of Mainland common stock; each party shall have received a draft fairness opinion (each, a "Fairness Opinion") of its own independent financial advisor to the effect that, as of the date of the Merger Agreement, the merger is fair from a financial point of view to holders of such party's stockholders (subject to the assumptions, qualifications and limitations relating to such opinion), and such party's Board of Directors shall have approved of and accepted such draft Fairness Opinion; and other customary conditions. In addition, each party's obligation to consummate the merger is subject to the accuracy of the representations and warranties of the other party and material compliance of the other party with its covenants.
The ratio (the "Exchange Ratio") which determines the number of shares of Mainland common stock that are to be issued on completion of the merger for all of the shares of American Exploration common stock is subject to reduction by the shares of American Exploration common stock held by those stockholders, if any, who elect to exercise dissent rights under Nevada law. The Exchange Ratio also may be adjusted by good faith negotiation between the parties if required, having regard to (a) the results of the due diligence investigation of a party's business and affairs by the other party, or (b) the Fairness Opinions.
The Merger Agreement also contemplates that: (a) all outstanding common stock options of American Exploration (the "American Exploration Options") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable stock options (the "Mainland Exchange Options"); and (b) all of the outstanding common stock purchase warrants of American Exploration (the "American Exploration Warrants") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable common stock purchase warrants (the "Mainland Exchange Warrants"). The number of Mainland Exchange Options and Mainland Exchange Warrants issuable will be determined with reference to the Exchange Ratio. Currently, the Exchange Ratio is anticipated to be one Mainland Exchange Option or one Mainland Exchange Warrant for every four American Exploration Options or every four American Exploration Warrants, as the case may be. The Mainland Exchange Options will be exercisable at a price of $1.50 per share; the exercise price of each Mainland Exchange Warrant is anticipated to be determined by multiplying the per share exercise price of the corresponding American Exploration Warrants by four, subject to adjustment if the Exchange Ratio is adjusted.
The Merger Agreement provides that not more than 15,000,000 shares of Mainland common stock shall be issued in exchange for shares of American Exploration common stock pursuant to the merger (exclusive of any shares of Mainland common stocks issued in exchange for shares of American Exploration common stock which are issued upon exercise prior to closing of any outstanding American Exploration Options or American Exploration Warrants).
The foregoing description of the merger and the Merger Agreement is not complete and is qualified in its entirety by reference to the Merger Agreement.
For more information on American Exploration, investors should review American Exploration's filings with the United States Securities Commission at www.sec.gov.
For more information on Mainland, investors should review the Mainland's filings with the United States Securities Commission at www.sec.gov.
About American Exploration Corp.
American Exploration Corp. is engaged in the exploration and development of oil and gas prospects with the potential for discovery of new or unconventional hydrocarbon resources in the continental United States.
Contact:
Mr. Steve Harding
Tel. 403-233-8484
American Exploration Corp.
Suite 700, 407 2nd St. SW
Calgary, Alberta T2P 2Y3
Canada
AEXP thinnn to $.60 - I'm on board
This ones gonna rock your world...AEXP MERGER!!
Perfectly timed on a bottom bounce THE PERFECT STORM!!!!!
Day's Range 52-Wk Range Avg Volume EPS P/E
0.27 - 0.32 0.23 - 2.55 264,000 -0.03 -
Market Cap Outstanding Float Dividend / Yield Ex-Div Date
$ 18.85M 58,900,000 49,557,500 $ - / -% -
American Exploration Corp. and Mainland Resources, Inc. Announce Merger Agreement9:05a ET March 23, 2010 (PR NewsWire)
American Exploration Corporation (OTC Bulletin Board: AEXP, Frankfurt: EQO) ("American Exploration") and Mainland Resources, Inc. (OTC Bulletin Board: MNLU, Frankfurt: 5MN) ("Mainland') announced today that their respective boards of directors have approved a stock-for-stock merger to be effected under the laws of Nevada, and that the companies have signed a definitive Merger Agreement and Plan of Merger (the "Merger Agreement"). If the merger is completed, Mainland will be the surviving corporation, and will become vested with all of American Exploration's assets and property.
Under the terms of the Merger Agreement, American Exploration's stockholders will receive one share of Mainland common stock for every four shares of American Exploration common stock they own. Currently, there are approximately 59,718,000 shares of American Exploration common stock outstanding, with the result that approximately 14,929,500 shares of Mainland common stock are anticipated to be issued to former stockholders of American Exploration upon completion of the merger. Based on the closing market price of Mainland's common stock of $1.23 per share, as reported by the OTC Bulletin Board, on March 22, 2010, the total share consideration to be issued to American Exploration's stockholders will be worth approximately $18,363,285, and they will hold approximately 15.6% of the issued and outstanding common stock of Mainland, as the surviving corporation.
The merger will be subject to various conditions, including: the approval of the respective stockholders of each of American Exploration and Mainland; completion within 30 days by each party, to its satisfaction, of due diligence investigation of the other party's business and affairs to determine the feasibility, economic or otherwise, of the merger; the number of holders of American Exploration common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of American Exploration common stock; the number of holders of Mainland common stock exercising dissent rights available to them under Nevada law shall not exceed 5% of the total issued and outstanding shares of Mainland common stock; each party shall have received a draft fairness opinion (each, a "Fairness Opinion") of its own independent financial advisor to the effect that, as of the date of the Merger Agreement, the merger is fair from a financial point of view to holders of such party's stockholders (subject to the assumptions, qualifications and limitations relating to such opinion), and such party's Board of Directors shall have approved of and accepted such draft Fairness Opinion; and other customary conditions. In addition, each party's obligation to consummate the merger is subject to the accuracy of the representations and warranties of the other party and material compliance of the other party with its covenants.
The ratio (the "Exchange Ratio") which determines the number of shares of Mainland common stock that are to be issued on completion of the merger for all of the shares of American Exploration common stock is subject to reduction by the shares of American Exploration common stock held by those stockholders, if any, who elect to exercise dissent rights under Nevada law. The Exchange Ratio also may be adjusted by good faith negotiation between the parties if required, having regard to (a) the results of the due diligence investigation of a party's business and affairs by the other party, or (b) the Fairness Opinions.
The Merger Agreement also contemplates that: (a) all outstanding common stock options of American Exploration (the "American Exploration Options") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable stock options (the "Mainland Exchange Options"); and (b) all of the outstanding common stock purchase warrants of American Exploration (the "American Exploration Warrants") will be disposed of by the holders thereof in consideration for the issue by Mainland of non-transferable common stock purchase warrants (the "Mainland Exchange Warrants"). The number of Mainland Exchange Options and Mainland Exchange Warrants issuable will be determined with reference to the Exchange Ratio. Currently, the Exchange Ratio is anticipated to be one Mainland Exchange Option or one Mainland Exchange Warrant for every four American Exploration Options or every four American Exploration Warrants, as the case may be. The Mainland Exchange Options will be exercisable at a price of $1.50 per share; the exercise price of each Mainland Exchange Warrant is anticipated to be determined by multiplying the per share exercise price of the corresponding American Exploration Warrants by four, subject to adjustment if the Exchange Ratio is adjusted.
The Merger Agreement provides that not more than 15,000,000 shares of Mainland common stock shall be issued in exchange for shares of American Exploration common stock pursuant to the merger (exclusive of any shares of Mainland common stocks issued in exchange for shares of American Exploration common stock which are issued upon exercise prior to closing of any outstanding American Exploration Options or American Exploration Warrants).
The foregoing description of the merger and the Merger Agreement is not complete and is qualified in its entirety by reference to the Merger Agreement.
For more information on American Exploration, investors should review American Exploration's filings with the United States Securities Commission at www.sec.gov.
For more information on Mainland, investors should review the Mainland's filings with the United States Securities Commission at www.sec.gov.
About American Exploration Corp.
American Exploration Corp. is engaged in the exploration and development of oil and gas prospects with the potential for discovery of new or unconventional hydrocarbon resources in the continental United States.
Contact:
Mr. Steve Harding
Tel. 403-233-8484
American Exploration Corp.
Suite 700, 407 2nd St. SW
Calgary, Alberta T2P 2Y3
Canada
This chart pattern is like a self-fullfilling prophecy; doesn't lure in the big buyers. Gotta break this pattern soon.
Hardly anyone shorting this stock
Agreed Pitman
MNLU also doin well but this one looks better to me, how about u?
Ssshhh.. Im tryin to load more first!!!
Yea great job Brick, u da man
Guys I got an AWESOME merger play here doin some DD...
Glad I found this b4 others, way undervalued!
Its like give-a-penny take-a-penny lol
Thats boldly inaccurate imo
Ut that bid lets go!!
And short volume yesterday very low also:
Date Symbol ShortVolume TotalVolume %Short
20100324 CBAI 41,353,811 122,539,990 34%
ARCA has 1/3 less CBAI shares to sell today than yesterday. And he has 15 times more shares to buy. Ask is thinned tremendously from yesterday overall. We can break .0125 w/ enough volume imo.
ARCA has 1/3 less CBAI shares to sell today than yesterday. And he has 15 times more shares to buy. Ask is thinned tremendously from yesterday overall. We can break .0125 w/ enough volume imo.
Yea I saw some nice rallies there good job
The company is in "aquisition mode", hence the O/S. This is business as usual. We all know that "revenue mode" comes after this. Getting in now allows us to have shares at a PPS that will most likely never be seen again by CBAI. I thought Walmart was a good reference in this case. I may sell a few shares down the road for good reason, but as of right now I plan to hold shares of CBAI indefinitely due to the potential and the benefits of the business model.