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Hawk, where are you on this Takeover theory? Is CB allowing this?
Shouldn't the VALUE of AMEP set also the outstanding share count, along with future considerations regarding needs and production? All I see is the long term investor geting the shaft here.
Mr. Hawk, did you talk to CB about the R/S?
Seems like C. Bitters is opening the company to a possible hostile takeover.
CTB, doesn't that also include a "Potential Takeover" of AMEP once they become a majority shareholder?
Dr. Cavasin has explaining to do, 3 month's no DIVIDEND!
Hawk, Please tell me you discussed with Charlie how present investors feel that he is asking too much with this 1-25 reverse split. Please tell me that HE understands that this is too much of a burden for shareholders, and tell me that Charle Bitters understands that HE has caused the falling of the share price since Friday down over 2.5 cents now, that Charles Bitters has some responsibility for his mis-management!
DR. Alexander P. Cavasin
WANTED!!! Information leading
to the where-abouts of this
individual: If you have seen
him, please contact your local
IHUB ACMG board
Many in the investment world say that the announcement of a R/S causes Short selling! Though the intentions seem sound, its better to look at a reverse split as a flashing red light warning that you may need to kick a stock out of your portfolio. As many as 75% of all stocks wind up trading lower after a reverse split.
Investors who failed to sell shares in several reverse splits in just the past few months have seen their holdings get hit by 60% or more in no time, despite the overall market strength.
Reverse splits are acts of desperation by companies in trouble. Period! Of 37 tech firms listed on Nasdaq that reverse split this year, only five are trading above their reverse split price and eight have tumbled below $1. A reverse split is "meaningless unless the company also performs well," says Linda Killian, fund manager at Renaissance Capital.
Many in the investment world say that the announcement of a R/S causes Short selling!
Thanks Charles Bitters!
http://www.usatoday.com/money/markets/us/2002-10-14-reverse_x.htm
My goodness, hitting rock bottom!
Everyone, the last PR reflects minimally a 33% INCREASE in production monthly over present total production! Very huge!
This is one well making this increase. No doubt this is excellent news.
I think Cavasin owes investors a full explanation.
No doubt, a drop is a drop. CEO Bitters needs to explain!
Thank Charlie Bitters for the recent panic!
There is no real volume 500 mil outsatanding, drop is based on few trades.
Less than 2% of the volume, again nothing!
Here comes the buying!
Very light volume drop, no real worry.
Here's a request for more shares by RGNO.pk, and what they wrote;
"We recently increased our Authorized share amount to 500 million. This increase was done to aid in future funding requirements. Our intention is to position Regions to be ready for any possible opportunity that comes our way. Possible uses include lease purchases and acquisitions. There has been some speculation as to our share structure and I would like to put out an accurate number to clarify any doubts. All shares owned by company insiders are restricted and no company officer has sold any shares."
Doc, Dilution means nothing to Bitters and Crew. FUNDING MEANS EVERYTHING to him, takes the monkey off his back! If Bitters is allowed 500 Million shares, he will take his AMEP credit card and spend 500 Million shares. He did this before, he will do it again!
Rawhide, I hope you told Joe C to go "f" himself then, he really thinks he is Bitters heavy? Dissolve then!
IMO, if the r/s is done correctly, everyone benefits.
For all; The most important thing to know about stock splits is that there is no effect on the worth (as measured by market capitalization) of the company. A stock split should not be the deciding factor that entices you into buying a stock. While there are some psychological reasons why companies will split their stock, the split doesn't change any of the business fundamentals. In the end, whether you have two $50 bills or one $100 bill, you have the same amount in the bank. We as shareholders should urge CEO Charles Bitters and the board that the total outstanding shares should be balanced with the shares issued. This protects the shareholder and the company to keep and attract shareholders while maintaining stabilized share price. CEO Bitters wants a huge blank check from investors, unfortunately, he got that from his BDC days, which thankfully are over. A fully reporting company has to get shareholder approval, and his request is too far fetched!
Todays news officially makes AMEP "undervalued" , as Greeneyedhawk illustrated, and this is without the benefit of the other wells in progress. WINNOTLOSE.
MINERAL WELLS, TX, Jun 11, 2007 (MARKET WIRE via COMTEX) -- American Energy Production Inc. (the "Company") (AMEP, Trade ) announced today its wholly owned subsidiary Bend Arch Petroleum Inc. ("Bend Arch") completed potential natural gas test on well #11-H on the 1,100 acre Padgett lease in Palo Pinto County, Texas.
The Padgett 11-H Barnett Shale well has been fracture stimulated and after recovery of frac fluid the well is ready to deliver natural gas to the natural gas purchaser. A 160 pumping unit has been installed to move salt water and oil that will enable the continued production of natural gas.
Preliminary production potential test show the Padgett 11-H will produce approximately 350,000 cubic feet of natural gas and 10 barrels of oil per day. Natural gas production will possibly increase as the well stabilizes after thirty to sixty days of operations.
As previously reported AMEP recently received shareholder approval and withdrew its election to be a business development company. As a result, AMEP is now an oil and gas operating company whose business focus is the purchase, exploration, drilling and operation of oil and natural gas leases in the Fort Worth Basin and Medina County, Texas. Additionally, entities previously classified as portfolio companies of AMEP are now wholly owned subsidiaries.
Major support now, at HOD, and going higher! I love it!
Todays news far outweighs the potential effects of the "possible" reverse split, which, imo, has a underlying suprise for all of us!
No doubt, this new well brings real dollar value, this tells me the reverse split is for something much, much bigger!
Fools who sold, oh well! Long and strong
No doubt cork is popped!
10 bls x 30 days = 300 bls, x $55 bl? Over $15,000.00 per month on oil alone!
One well, 300 barrels a month, I'll take it.
Hawk, Real question is, "Can the new well production numbers "Prevent" and "Recind" the proxy for the R/S?
If this is possible, and cash positive can be achieved, then the question is "who is lookin to get in at cheap levels" or "Why this game"?
Maybe, just maybe, there is sumthing brewing in the form of partnership or takeover.
Hawk, here's the one and only reason why the board wants a R/S, line 1 of the filing;
"First, our Board believes that we have an insufficient number of unissued shares to allow for capital to be obtained from the investment community and to allow for subsequent growth".
Tells me there are some serious financial issues, with no help from any wells/production in the near future!
The other lines are complete bull dung as written as with most SEC filings, there is some truth with many lies! bottom line, shareholders suffer the worst losses from reverse splits;
Second, our Board believes that the current market price of our Common Stock may impair its acceptability to many investors, including institutional investors, professional investors and other members of the investing public and that the reverse stock split will encourage greater interest in our Common Stock by the investment community.
Third, our Board also believes that potential executives and other employees may be less likely to consider working for a company with a low stock price, regardless of the size of the company’s market capitalization. If the Reverse Stock Split successfully increases the per-share market price of our Common Stock (of which there can be no assurance), the Board believes this increase could enhance our Company’s ability to attract and retain key executives and other employees.
Fourth, to the extent that the reverse stock split does succeed in attracting more investor interest in the stock, shareholders may also benefit from improved trading liquidity of the stock.
I urge every Shareholder to make communications to the Board of Directors urging them to be more fair to the shareholder, their mailing address at P.O. Box 1406, Mineral Wells, Texas 76068. Everyone send in a letter!
Tharmon, I agree with you, but here's my point, Apparently Charles does not see the recent drills in the Padgett financially benefitting enough whereby he still is in need of funding. This is what I find as most bothersome, and leads me to believe that AMEP is a dead end.
Lovethatgreen, Bitters can only make false promises at this point to get shareholders to believe your theory. Nothing says what management is presently doing will get us a 5 buck stock!
This is only a move for more liquidity for Johnny Bitters, inclusive, old tax debt should be settled.
MOM, your post is exactly what should happen.
Because BDC vote favored shareholders. R/S is long term dilutive, short term destructive, nothing favorable for the shareholder but everyting good for Bitters and crew.
Fairgame, AMEP is no FRPT. R/S should be illegal, but the SEC allows it so companies can get more money from selling shares.
We the shareholders of AMEP are the fools. We invested in this company.
I will say this, the only way for Old man Bitters to get his new shares out to the market will be thru a barrage of pumping/pimping PR's, so maybe we can get out of this alive.