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American Sands Energy Corp. Retains Merriman Capital as Capital Markets Advisor
Thomson Reuters ONEPress Release: Merriman Holdings Inc. – Wed, Jul 10, 2013 9:02 AM EDT..
SAN FRANCISCO - July 10, 2013 - Merriman Capital, Inc. ("Merriman"), a wholly owned subsidiary of Merriman Holdings, Inc. (MERR), announced today that it has been retained as Capital Markets Advisor to American Sands Energy Corp. (the "Company" or "American Sands") (AMSE). Merriman will advise American Sands management on various strategic initiatives focused on increasing shareholder value and assist the company with its involvement with shareholders and capital markets participants. Merriman provides its advisory clients with Corporate Services and Capital Markets advice on the effective engagement of a potentially broader institutional shareholder base, financing solutions, and strategies for organizing their capital structure while helping to increase trading liquidity. Merriman`s Capital Markets Advisory Group clients also benefit from access to unique capital solutions and the implementation of various capital markets initiatives.
American Sands Energy Corp. is an oil exploration and development company. American Sands utilizes a unique solvent-based extraction process that could enable it to extract significant oil reserves over time, from ore of inorganic insoluble material, such as sand, rock and clay. The Company`s extraction and recovery system separates oil and other hydrocarbons from sand, dirt and other substances without the use of water and without creating tailing ponds and other environmental hazards. The Company anticipates that its principal operations will include the mining of oil sands, the separation of oil products and the sale of oil and oil by-products.
"We are pleased to announce the addition of American Sands to our rapidly expanding portfolio of corporate advisory clients," said Jon Merriman, Chief Executive Officer of Merriman Capital, Inc. "Providing our clients with market insight, corporate brokerage services and strategic advisory for public markets and capital solutions are central components of Merriman`s advisory and corporate services platform. We look forward to working with the American Sands management team in our capacity as their Capital Markets Advisor."
About Merriman Capital, Inc.
Merriman Capital, Inc. is a corporate advisory-focused registered investment bank that provides equity and options execution services, market making, and differentiated research for high growth companies. The firm also provides capital formation, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (MERR) and is the leading investment banking firm for unique high-growth companies. For more information, please go to http://www.merrimanco.com.
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/.
About American Sands Corp.
American Sands Energy Corporation is a development stage Delaware Company with primary operations in Utah. The Company has acquired rights to oil sand ore covering approximately 1,800 acres of prime oil sand deposits in the Sunnyside area of Utah. The Company has an extraction and recovery system using a licensed proprietary solvent that separates oil and other hydrocarbons from sand, dirt and other substances without creating tailing ponds and other environmental hazards. For more information, visit www.americansandsenergy.com.
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K-A filed on April 30, 2013 and the Form 10-Q filed on May 15, 2013. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K-A filed on April 30, 2013 and the Form 10-Q filed on May 15, 2013, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."
# # #
At Merriman:
Douglas Rogers
Managing Director
Merriman Capital, Inc.
(415) 248-5612
Will Febbo
Chief Operating Officer
Merriman Capital, Inc.
(415) 248-5603
Howard Bernstein
Chief Compliance Officer
Merriman Capital, Inc
(415) 262-1377
--------------------------------------------------------------------------------
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Merriman Holdings Inc. via Thomson Reuters ONE
HUG#1715407
what a colossal pile of crap
Last Price Today’s Change Bid (Size) Ask (Size) Day’s Range Volume Trade
0.130 -0.0055 (-4.06%) 0.120 x10,000 0.130 x14,000 0.130 - 0.130 10,200
WHAT A COLLASSAL PILE OF POOP. $.75/SHARE BUYOUT AND SOMEONE DUMPING AT $.13
IMO THIS WILL BE SUB PENNY BY YEAR END.
The rollout of the App should be nearing. Based on the balance sheet and the share structure, this is way undervalued imo. Just need them to roll out the app.
gitreal, they are out of money. take a look at current liabilities, they have a cash overdraft of $111,743 and when you net the two out they are $106k in the hole.
based on the current price, the selling of a lot of shares (since it was announced) I would have to believe this will never close at that price (or really never close at all). who in their right mind would sell at $.15 if they believed the sale would go through at $.75 (or maybe slightly less as management has stuffed their pockets full of shares).
also since this has been announced, why wouldn't the buying company take in all the shares they could get under $.25?
It would be interesting to see exactly what $10m bank instrument was put up, as if it is a letter of credit from a Panamanian bank it will never be cashed (I have no idea what it is but it sounds funky to me).
All my opinions and everyone should do their own DD.
What happened to all the info on the ibox?
Somebody wanted out of 200k fast.
Too bad I wasn't around today, I would liked to had added more at that price.
Nice $.55 close for the day!!! I will take it!!!
.30 bid x .55 ask
.0231 Last
American Sands Energy Corp. Announces Water-Free "Environmental Solution" to Oil Sands Mining in Utah
8:30 AM ET 6/4/13 | PR Newswire
American Sands Energy Corp. (OTCBB: AMSE, "AMSE" or the "Company"), an oil sands exploration and development company operating in Utah, said today it has developed an "environmental solution" with its proprietary oil sands extraction technology.
"Continued testing of our extraction process at our pilot facility confirms that our technology is scalable and environmentally friendly, recovering over 99 percent of our proprietary extraction solvent without the use of any water," said William Gibbs, CEO of the Company. "This is a first in our industry. Our solution results in no tailing ponds or associated environmental hazards as compared to traditional oil sands extraction methodologies. We have also completed initial engineering and mining feasibility studies and, based on those studies, estimate our targeted production cost at $49 per barrel or less, which is very compelling. We are continuing work to further define these costs."
The Company explained that it has now successfully run oil sands through its pilot facility from a number of different locations, including its site at Sunnyside, Utah, in addition to oil sands from deposits at Asphalt Ridge, Utah, and Africa, in each case producing clean, dry sand and bitumen, a heavy oil. "These results confirm that our process not only works well on the oil sands from our large resource deposit at Sunnyside, but also on other 'oil wet' deposits from other locations. This significantly expands the potential for us to deploy our technology on similar oil sands deposits both in the United States and other locations around the world," Gibbs said.
Justin R. Swift, a Company director and former U.S. Department of Energy official noted, "American Sands is to be commended for developing this new technology. This clean technology is good for the state and its economy and will help the United States become energy independent, while not harming the environment." Swift is the founder and principal of Swift Global Results, a private consulting firm in the clean energy field. From 2005 through 2009 he served as Deputy Assistant Secretary for International Affairs in the Office of Fossil Fuel, U.S. Department of Energy.
American Sands also announced that it is in the process of completing the environmental studies and other requirements to file for its large mine permit for 1,800 acres of private land. Robin Gereluk, Chief Operating Officer, commented, "We have completed most of the environmental work and mine planning and anticipate filing for the permit within the next 90 days."
About American Sands Energy Corp.
American Sands Energy Corporation is a development stage Delaware company with primary operations in Utah. The Company has acquired rights to oil sand ore covering approximately 1,800 acres of prime oil sand deposits in the Sunnyside area of Utah. The Company has an extraction and recovery system using a licensed proprietary solvent that separates oil and other hydrocarbons from sand, dirt and other substances without creating tailing ponds and other environmental hazards. For more information, visit www.americansandsenergy.com.
Forward Looking Statements
This release contains forward-looking statements regarding AMSE's future plans and expected performance based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of business development efforts, exploration efforts and the timeliness of development activities, the ability to place the project into full production; the ability to secure all necessary mining permits in a timely manner, fluctuations in energy prices, confirmation of estimated resources, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. American Sands Energy Corp. undertakes no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Phil Allen 303.898.0625
SOURCE American Sands Energy Corporation
Bid creeping up.
Good volume day for AMSE. Strange bid bang at end of day to get low of day close.
American Sands Energy Corporation Video
PFNI is the BEST stock I have seen in a long time. About ready to launch the new app. The financials look good. Unlike other penny stocks, this one is NOT diluting!!! Director purchased stock recently @ $.02.
Selling appears to be drying up. Any positive news and this is an easy multi-bagger IMO. Also longer term I could see this easily $.25. As always do your own DD.
AMSE UNDERVALUED!!!!!!!!! Here is a 23 bagger and this is why:
http://www.americansands.com/
Last Trade $.30
Shares OS 28.8m
200,000,000 barrels proven reserves
current market cap approx $8.64m
typically oil sands deals are valued at $1/barrel in the ground of proven reserves
Potential market cap before extraction $200m or $6.94/share, 23 TIMES WHERE IT CURRENTLY TRADES!!!!!!!
http://www.americansands.com/pilot-success.pdf
American Sands Energy Corp. Announces Successful Operation of
Oil Sand Pilot Facility
Salt Lake City, UT – July 25, 2012 — American Sands Energy Corp. (OTCBB: AMSE, “AMSE” or
the “Company”), an oil sands exploration and development company operating in the state of
Utah, announced today the successful operation of its oil sand recovery pilot facility.
The pilot facility, which is based in Phoenix, Arizona, has been operational since early July.
Approximately 80 tons of the Company’s oil sands were shipped to the facility, which has been
able to run at its designed rate of up to two tons per hour, generating consistent flows of oil
and clean, dry sand over multiple, consecutive days of operation.
“Successful running of our pilot facility is a key milestone for American Sands Energy,” stated
CEO William Gibbs. “We are now ready to move to the next steps of our business plan including
submitting a mine permit application and beginning development of a 5,000 barrel per day
facility at our Utah property.”
American Sands is developing its oil sands operation outside of Price, Utah, where it currently
has rights to over 2,000 acres of prime oil sand deposits. At full production, AMSE expects to
produce 50,000 barrels of oil per day, employing conventional underground mining and an
extraction and recovery system using a proprietary solvent.
The Company’s extraction system consumes no water in its process. “The Utah oil sands are “oil
wet”, which allows us to extract the bitumen while neither consuming water in the process nor
producing waste water as a byproduct,” according to Andrew Rosenfeld, company President.
“This is a key differentiator between us and more traditional oil sand companies. It is our goal
to minimize our environmental impact through employing underground mining techniques and
creating zero wastewater tailings.”
For additional information about American Sands Energy Corp., please contact either Tom
Herbert of CleanTech Investor Relations (310-541-6824, therbert@cleantech-ir.com) or Daniel
Carlson, Chief Financial Officer (415-460-1165, info@americansandsenergy.com).
AMSE President Andrew Rosenfeld purchased 350,000 shares of AMSE @ $1.15 per share for a total of $402,500!!! Here is link to filing:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8825645
Once the oil comes out of the ground this could be a $30+ stock long term
All imo, please do your own DD. I believe this to be one way undervalued stock.
Take a look at AMSE, American Sands Energy Corp. Per their website they have 200 million barrels of PROVEN reserves. Typically these oil sand deals are valued at $1 per barrel of proven reserves in the ground, which in this case would put the valuation around $200 million. Given that there are 28.8 million shares outstanding, that would put a vauation of approximately $6.94 per share.
This is one seriously undervalued stock. On September 7, 2012, AMSE President Andrew Rosenfeld purchased 350,000 shares of AMSE @ $1.15/share for a total of $402,500 per his filing. This is a serious purchase that needs to be noted.
This is one of the most undervalued stocks I have ever seen. Take a look at the Company's website and the filings and do your own due diligence as one should always do. This is only down here because this isnt on anyones radar yet.
AMSE - Take a look at AMSE, American Sands Energy Corp. Per thier website they have 200 million barrels of PROVEN reserves. Typically these oil sand deals are valued at $1 per barrel of proven reserves in the ground, which in this case would put the valuation around $200 million. Given that there are 28.8 million shares outstanding, that would put a vauation of approximately $6.94 per share.
This is one seriously undervalued stock. On September 7, 2012, AMSE President Andrew Rosenfeld purchased 350,000 shares of AMSE @ $1.15/share for a total of $402,500 per his filing. This is a serious purchase that needs to be noted.
This is one of the most undervalued stocks I have ever seen. Take a look at the Company's website and the filings and do your own due diligence as one should always do. This is only down here because this isnt on anyones radar yet. Less
Take a look at AMSE, American Sands Energy Corp. Per their website they have 200 million barrels of PROVEN reserves. Typically these oil sand deals are valued at $1 per barrel of proven reserves in the ground, which in this case would put the valuation around $200 million. Given that there are 28.8 million shares outstanding, that would put a vauation of approximately $6.94 per share.
This is one seriously undervalued stock. On September 7, 2012, AMSE President Andrew Rosenfeld purchased 350,000 shares of AMSE @ $1.15/share for a total of $402,500 per his filing. This is a serious purchase that needs to be noted.
This is one of the most undervalued stocks I have ever seen. Take a look at the Company's website and the filings and do your own due diligence as one should always do. This is only down here because this isnt on anyones radar yet.