The Horrible Historical Performance of a Key Management Member

Also particularly interesting and illuminating is the background of the controlling shareholder and current CFO of AMPW, Mr. Johannes Petersen.

As the saying goes: Fool me once, shame on you; fool me twice, shame on me - the history of this person alone should be reason enough to stay away from a long position in the stock of AMPW. Digging deeper into his background, we found that Mr. Petersen is linked to a number of unsuccessful business ventures in the past. In our view, at least the majority of them were “Pump and Dump” schemes.

Timeline/ executive positions of Mr. Johannes Petersen and results for minority shareholders

Dragon Gold Resources Inc.
2004-2007: Former Chief Executive Officer, President, Chief Financial Officer, Secretary, Treasurer and Director (We were unable to optain information about the performance of this company)

Paloma Resources Inc. (PLO.H)
2006-Present: Chief Executive Officer, President and Director. Since 2006, the stock lost 72%. Current market cap <1.3 million.

Century Petroleum Corp. (PINK: CYPE)
2006-Present: Chief Executive Officer, President, Chief Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director. This company has and had no revenues. (Current market cap <800,000; way below previous highs)

American Sierra Gold Corp. (AMNP)
2009-2010: Former Chief Financial Officer and Independent Director. Here again the same situation. No operating business, but a company named Packet Portfolio Ltd. paid $300,000 for the promotion of the stock. (One of the used mailers: http://www.amspec-06.com/AMNP/2009_09_29_150_landing.html?c=JR&;... ) Since then, the stock plummeted over 95%.

American Power Corporation (AMPW)
2009-Present: Chairman, Chief Financial Officer and Secretary.

Gold American Mining Corp. (SILA)
2010-Present: Chief Executive Officer, President, Chief Financial Officer, Secretary, Treasurer and Director. This company was unsuccessful in generating any revenues and a company called Beltran Investments Inc. paid $248,275 to stock promoters. As a “coincidence”, Cohen Independent Research Group, Inc., the same firm that published the research report for AMPW, set a price target of $3.31 for the SILA-stock. But in the end, this also didn´t help the stock price. The stock lost more than 82%.

Conclusion: In the past, it has not been a profitable investment endeavor to follow Mr. Petersen.

Someone (“Midway Media Group Inc.”) is paying huge sums of money for stock promotion work for AMPW. Even so we don´t know exactly who is behind this company, the intention is evident - to inflate and boost the stock price.

The following are a sample of paid mailers from the last months and the respective amounts of compensation for efforts “to create investor awareness”.

Payment of $250,000 for reports like these:
http://content.eaglepub.com/?ldra.QSpONbwI2DoRDA.uiVciZ8qASMFl
http://webcache.googleusercontent.com/search?q=cache:5WRPzCSsj78J:t...
http://www.bestpennystockbroker.com/read_email.php?email_id=3103

Payment of $80,000 “for a one week IR contract” to Wall Street Grand
http://www.wallstreetgrand.com/TGMP.html
http://www.microcapmarkets.com/forums/stock-newsletters/1499-wsg-cl...

We probably missed several other “reports” and the list is by no means complete, but you probably get our point.

False Statements in the Promotions

In several mailers we found a statement like this: "(...) American Power Corp. (AMPW) just slammed the door on a potential takeover from Peabody Energy (NYSE:BTU)! (...)" To examine the truth of this we contacted the IR department of Peabody Energy. Their answer: “It is our policy not to comment on media speculation but we have not publicly announced any such efforts to acquire AMPW or other power companies.”

Paid Analyst Reports

Meanwhile, the people behind this “Pump” didn´t hesitate to try everything to push the stock price higher. They assigned Cohen Independent Research Group Inc. (CR) to issue an “independent” stock report for AMPW. Coincidentally, CR painted in this report a very bright future for the company and issued a price target of $4.40. (A copy of the report can be accessed here: http://www.cohenresearch.com/cohenresearch/Images/American_Power_Co...) But for us, the best part of this report can be found in the disclaimer. First, the amusing formulation: “This report/release/advertisement is a commercial advertisement and is for general information purposes only.” And second, CR discloses the compensation for their work: “CR is sometimes paid for report/release/advertisements and distribution in cash, stock, warrants, options or other securities in lieu of or in addition to CR's stated compensation schedule. The Company has paid $20,000 for this commercial advertisement and its update.”

Conclusion: According to our calculations, someone paid in excess of $350,000 to promote the stock of AMPW. To put the numbers in perspective, this amount is equal to half of the total current shareholders´ equity of the company.

WARNING all TNGS Investors!

Read the facts. All taken from their latest report:

* Since our directors work for other natural resource exploration companies, their other activities for those other companies may involve a conflict of interest with regard to their time, could slow
down our operations or negatively affect our profitability.

* We have no employees and our only officer works one day per week on our business and our directors work only one hour per week on our business. Consequently, we may not be able to monitor our operations and respond to matters when they arise in a prompt or timely fashion. Until we have additional capital or generate revenue, we will have to rely on consultants and service providers, which will increase our
expenses and increase our losses.

* Current cash on hand is insufficient for all of the Company’s commitments for the next 12 months. We anticipate that the additional funding that we require will be in the form of equity financing from
the sale of our common stock. However, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund additional phases of the
Exploration program, should we decide to proceed. We believe that debt financing will not be an alternative for funding any further phases in our Exploration program. The risky nature of this enterprise and lack of tangible assets places debt financing beyond
the credit-worthiness required by most banks or typical investors of corporate debt until such time as an economically viable mine can be demonstrated. We do not have any arrangements in place for any future
equity financing.

* Our auditors’ opinion in our August 31, 2010 financial statements includes an explanatory paragraph in respect of there being substantial doubt about our ability to continue as a going concern.
We will need to raise additional capital in order to fund our operations for the next twelve months, and if we fail to raise such capital investors may lose some or all of their investment in our common shares.

* We expect losses to continue in the next 12 months because we have no oil or gas reserves and, consequently, no revenue to offset losses.

* (...) Since inception on June 5, 2008 the Company has an accumulated deficit of $75,552 at August 31, 2010. These conditions raise substantial doubt about the Company's ability to continue as a going
concern.