United American Petroleum Corp (UAPC)

[dazetrader]

Common Stock, par value $0.001 per share! :)
(Title of each class of securities covered by this Form)
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12098085

It's not very often that you come across a common stock with a par value of $0.001, usually the par value is $0.0001 or even $0.00001.

Par value is the minimum price that a corporation can issue its shares. In the US, par value was created during the time of the great depression in order to ensure a shares could not be sold under a certain price. Today, that concept is somewhat archaic, but it still plays an important role and should be thoughtfully considered when forming a startup company by filing the certificate of incorporation.
While I typically see either $1 or “no par value” common stock when looking at new client startups that have incorporated on their own or via an online service, I typically recommend that a startup corporation’s Common Stock par value be set at $0.00001 and no higher than $0.0001 per share. http://startuplawyer.com/incorporation/par-value-for-a-startup-companys-stock