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Question for the board:
I just received my proxy vote via email. When I click on the link in the email it takes me to the etrade site where my account is which displays a ballot. The ballot has a control number on the top left hand side. I do NOT have to log into my etrade account in order to vote. Is this correct?
TIA
dp.
Just got my proxy, when will all votes be tallied? When will we know the results?
LOL, one of the reasons given for the R/S was to take amep out of subpenny range.
Lets see .022(25) = .55. Dont know bout you bubu, but it looks like wees amisin 45 cents.
dp.
Looks like the temporary pause in selling is over and will continue soon. The relatively high volume on down days is a dead giveaway.
Hope I'm wrong.
dp.
Thanks tharmon51, but I totally disagree.
dp.
ctb;Your talking but you aint sayin much.
I sit hear and read the posts and am dumbfounded as to why anyone who OWNS shares would vote to have thier shares diluted to oblivion. The company actually SPELLS OUT for us how our shares will be diluted. Then tells you to stick it up your azz or I will fold up shop. I have come to the conclusion that;
a)These posters do not own shares
b)They have some other arrangement with the company
c)They are just plain stupid
dp.
Notice how posts are not being deleted as much. These skum suckling bastards have achieved their objective. No need to moniter the boards anymore because the majority of folks who sell now will be taking huge loses. But nothing compared to the loses they will take if they hold.
dp.
ctb:Not trying to offend, sorry.
farm hope you was one of them.
Sangamon: Are you frekin kiddin me, by the end of this week, amep will have traded in excess of 60 million shares over the past five weeks. Do the math, that is ~13% of the O/S. Also, percentagewise this is about normal for smart money as 90% of investors lose (of course GEH and company not included, as you can bet your azz that during their quiet period his insider buddies told him to get the hell out. But this is just MO). Five weeks of distribution all on good DD.
dp.
LTG:I dont think they are finished selling yet.
Will probably continue at the end of the day or tomorrow. BTW this is selling on huge volume, translation smart money heading for the exits. I would not buy at this point if I were you. Wait for a real turnaround, IF there's going to be one.
GL
dp.
Strategy
Since CB and company insist letting the price drop, wait for the price to hit 1-1.5 cents. Then buy like crazy since the price will PROBABLY rebound to 3-3.5 cents before the R/S. Should be a easy double.
GL
dp.
When should we receive the proxies and by what method? Also may I recommend that each shareholder make a copy of their vote and mail them back in by nextday CERTIFIED mail.
dp.
Strategy
Since CB and company insist letting the price drop, wait for the price to hit 1-1.5 cents. Then buy like crazy since the price will PROBABLY rebound to 3-3. cents before the R/S. Should be a easy double.
GL
dp.
I will be voting HELLLLL NO. Hope it helps!
Boy have I seen this before. I know all of us are responsible for our financial dealings, but tell me you dont feel raped. All this has been carefully planned, including the seemingly benevolent spokespeople. The good news is that soon after 8/17 it will be over for all current longs, amep will put us out of our misery. Except for maybe those that got in at the 1-2 cent range.
dp.
Warning-Sell Off in progress.
I hear a lot of folks saying we'll be o.k. either way. This is very misleading and untrue. While I will not question the motives of those making such statements, I will say that with over 400M A/S after the split availible for selling, they WILL sell. I challenge anyone to name 5 companies in the past year that have issused a R/S while keeping the A/S count constant, not splitting the preferred shares and are UP year to date. You cannot. I've heard the argument that other companies are not like AMEP, we have no dept, were in the shale, we have two rigs, leases on 7000 acres, sucessful wells that are producing. THEN SELL THE FREKIN STUFF. There is absolutely no reason to have the A/S count remain constant unless your plan is to sell them. Hope, my fellow investors will not do it. You really need to vote No. If you do not your money will be gone in a matter if months. This is not fearmongering, this many examples in history of Reverse spltting a penny stock. Let AMEP take the slow road and do what they are supposed to do which is SELL THE FREKIN OIL AND GAS.
GLTA
dp.
LTG, I have a limited amount.
gandalf; At .75, it will take 3-4 months to get it to ~.35. If we do recover it will be 3-5 years down the road, but with an additional 400 M shares to sell, I doubt even that will happen. So you see, if you vote yes, you are sure to lose. At least you have a chance if the R/S is voted down, which BTW I do not think will happen. I will however use my remaining shares to vote against.
dp.
hayhauler, mark my words, if the yes vote wins all current longs will have lost their entire investment within 4 months. Choose your poison.
BTW, expect prices to contiue to decline as this will drive more to sell. If CB does not have the votes now to initiate a R/S he will have by the voting date. Only option now is to sell with a loss. This is pure thivery.
dp.
Hold Everything.
According to the PRE14, not voting for the R/S is the same as voting no. What the heck am I missing.
dp.
Sabregold1999
Is'nt not voting the same as voting NO?
dp.
Slipprery Wing
With all due respect, when it comes to valuation your not even close. I must say that I am PISSED at the goings on of last few weeks. Just read my post and you will see that I have been behaving like a angry boy. But I cannot ignore the valuation, and that my friend tells me what a share of AMEP should sell for. It may be next month or next year but eventually the market will approach and exceed the true valuation of the company. Just hope I'm long when it happens.
dp.
Amep has some longs changing thier tune. Only two reasons why it would be trading below NAV. One, most dont know it but they will soon find out that there is going to be a R/S (The majority is usually wrong, in this case most are assuming there wil be no R/S). Two, news on the 11 and 12 isnt what you think.
LOL
dp.
Wait for mid to lower 2's.
This should be the point of minimum risk. If she fall under 2, liquidate all holdings.
GL
dp
Correct, the R/S will pass.
No news this week= mid to lower 2's.
Maybe a good time to buy? In the 2's that is.
LTG: Very important rule. My guess is that most folks in AMEP broke that rule and will most likely pay for their mistake. I have already sold a lot of shares at a loss and thus have payed for my mis-stake.
dp.
Fairgame
When the market got wind of what was happening, the stock lost more than 50% of it's value. To date it has not recovered.
dp.
Fairgame
When did this take place?
Next line of support is at .026. Would not suggest buying until then.
Also, the steady decline of the PPS is the markets way of telling us the the R/S is coming.
dp.
In my experience this is the mark of a R/S. First the announcement of the intention to R/S. The price drops by half in only days/weeks (e.g. 064 to .032). This gives most longs no way to exit without taking a loss. Then comes the actual R/S announcment. This will further reduce the PPS by another 25-50%.(e.g .025 to .018). Immediately after the split the PPS usually rises, but not enough to cover most losses. This rise has the effect of giving most longs hope, but that hope is quickly gone as the PPS starts to decline again. At this time most longs are wiped out. This is the likey scenario all longs are facing. Hope this helps in your decision making process.
dp.
It has been my experience that when management wants a R/S mahagement gets a R/S. If this happens this stock is most probably dead. Then again maybe a second bottom at .026, who knows.
Disclosure: Sorry folks but I had to liquidate part of my position as this is getting way too risky. I've been here before and I know whats about to go down.
Still long, but with a meger position. Goin sleep good tonight!!!
GL
dp.
EeoOPP, there was NO split pr.
mrdibtme
What would a liquidation sale yeild to each shareholder? Rough estimate.
TIA
dp.