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Eight years since my last post, and several more years before I made the drive out to AENP's "offices" (just follow the replies to get there).
Seems a lifetime ago, and it practically was.
Just not the lifetimes of a couple of people who deserve to be behind bars.
Checking in after a long absence.
I see I haven't missed much-- except for Ponzi being elevated to moderator. Kudos on that (seriously), as he has been one of the very, very few here to continually post facts and figures about the company without the need for rose (or shill) colored glasses.
By my loosest of loose estimates (made loose because no one has made a filing to show the current number of shares available), the current AENP market cap is hovering somewhere around the value of the contents to be found inside my garage. The contents inside, that is, as long as I park out on the street.
Keep up the good work, AENP!
Anyone know anything about these scams?
Er, I mean businesses, associated with Joseph T. Christopher?
Ny 80 Texas Corporation
Texas Connecticut Oil Company
Food Service Concepts International, Inc.
http://www.corporationwiki.com/Texas/Dallas/307-N-Windomere-Ave-Dallas-TX-75208-a18539008.aspx
If you click on the names (or the companies), you'll pull up a nice visualization of how he's connected to what (and to whom). That's how you get to Food Service Concepts (and to Oil America Group, which we all know from our lovely AENP).
http://www.corporationwiki.com/Texas/Dallas/joseph-t-christopher/34190356.aspx
Ditto to me.
Like the promises found in the company's press releases, only to be laid bare in its financial filings (or, more often than not, the lack thereof), the story of the Phoenix is an ancient work of fiction.
What's that make AENP's market cap? 1MM? 1.1MM?
About 900K over-valued either way.
Ponzi has the situation nailed.
I only check in around here in hopes that one day I'll see the SEC climb the ladder on this one and also to occasionally warn away the newbs from making the same mistake. I certainly don't do it for the company.
Ponzi takes a lot of grief here, and that's too bad.
His assessment of AENP's past, present and future is often the only one that makes any cool, level-headed, light-of-day, analytical sense.
Awesome.
Sleazy.
There must not be any CPAs closer to home in the tiny, provincial, one stoplight town of Dallas who are able to provide tighter accounting oversight, I guess.
Oh. Wait.
That was the point of finding a professional shell scrubber in Vegas.
Addresses and Empty Rooms associated with AENP have always fascinated me.
For example, their registered corporate address-- the one they're bound by law to maintain with updated information-- is a Taco Cabana (a fast food taco diner) in Universal City, TX (before that it was a bar), and has been for years.
http://maps.google.com/maps?client=safari&rls=en-us&q=310+KITTY+HAWK+ROAD+UNIVERSAL+CITY+TX+78148&oe=UTF-8&um=1&ie=UTF-8&split=0&gl=us&ei=s6B4StCMNNLhlAfZobmZBQ&sa=X&oi=geocode_result&ct=image&resnum=1
AENP's principal executive offices, of course, is a spot at the very outside corner of a residential property in Mineral Wells. I say "property" because while the "principal executive offices" are located at the corner of two fence lines (nice fence, by the way, made out of painted oil field pipe), the home itself isn't at that address (but is inside the fenced-off property). In other words, the principal executive offices of AENP is the empty land off to one side of the attached residence.
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=6073+Hwy+281+South,+Mineral+Wells,+TX&sll=37.0625,-95.677068&sspn=43.713406,93.076172&ie=UTF8&z=16&iwloc=A&layer=c&cbll=32.72214,-98.103627&panoid=xZFWOJktEHpDMrQJBU61fA&cbp=12,155.5,,0,5
I'd always been curious about one of the "wholly owned subsidiaries," The Oil America Group, in part because Joe Christopher is a Director (one of, what-- two?) and whose background has noting to do with oil. That and Oil America's offices are in Dallas, and I happen to live there and you can't see inside office towers using Google Maps. So I'd wanted to pay them a visit but could never make up my mind which office to drop in on (they have two addresses listed), but today desire intersected with available time, so I decided to visit both.
Cutting to the chase, the Quorum Drive address simply doesn't exist. I mean, there's an office building there, but Suite 515 is a phantom (rig?) with the suite numbers going from 500 to 525 (and with suite 525 being unoccupied and available for lease, too, should anyone want it). Suite 515 has dead-drop box written all over it (in a best case scenario).
So what about the Zang address (which is sometimes given as the AENP address and is literally ALL the way across town from the Quorum address?
Well, I can tell you there's a building there-- another corporate office tower (in the much seedier Oak Cliff area of Dallas-- and there is a suite 812. I can also tell you it appears to be about the size of a large bathroom and was, in the middle of a work week, locked up tighter than a convent's condom supply. Not even a light on to cast light under the door (not even entirely sure the office has a window). At least they have a sign on the door (just like all of the other signs in the building-- even the signs in front of offices that had lights on inside, including that belonging to State Representative Roberto Alonzo, someone who'd be fun to subpoena to see if he's ever seen anyone going in and out of the much, much, much, much smaller office next door (and Alonzo's isn't that big).)
I, of course snapped photos of both "office visits," including the building directories at both locations, should someone want to take a gander at them one day.
Cheers, fellahs, and good luck performing your due diligence.
I'm sure the spin will be how someone got a great deal on 140,000 shares of an up-and-coming, well-run, top-notch oil producing company for only $14.50.
Gotta' look to the future! Forest for the trees! Good news is coming! Going to turn the corner! Hoarding reserves for better commodity prices! Waiting for rain! Telex is busted on the PR release machine! Need that reverse split!
Market value of AENP is now $2,036.
Awesome.
Actually, the SEC is pretty responsive to updating their databases; it's very nearly instantaneous. It's the company that's responsible for providing (and maintaining) up-to-date and lawful information in their public filings.
I think it's awesome that the business address they have listed with the SEC is for Richter's Restaurant in Universal City (formerly the "Lone Star Connection" steakhouse ( http://sanantonio.citysearch.com/review/43141681/1807328 ) and the phone number they have listed is the home phone number of Mitchell Cok, also in Universal City ( http://www.google.com/search?q=210-566-7327&hl=en&safe=off&client=safari&rls=en-us&pb=r&sa=X&oi=rwp&ct=title ). By the way, Richter's Restaurant may have been sold and converted into a Taco Cabana. (Just in case you're wanting tacos instead of fried bar food.)
AENP shares were available to me in my Fidelity account on Friday.