Lets review the facts:
* In May of 2005, AMEP entered into the SEC review to change from a BDC corporation to an operationally reporting company. All formal communications (PRs} from the company stopped in support of working through the SEC investigation.
* On December 5th, the preliminary DEF 14A was released by the SEC announcing a proposed Shareholders meeting. This was later pulled and reissued formally in February 2006. The first key milestone was that the SEC review was finally coming to an end.
* On Tuesday, March 13th, AMEP held a Shareholders meeting to vote on several issues, including removing the BDC. The second key milestone was holding Shareholders Meeting.
* On Friday, March 16th, AMEP released a PR announcing the result of the Shareholders Meeting, including the favorable vote to remote the BDC. The third key milestone was the PR announcing that all measures passed, including eliminating the BDC.
What we have accomplished here is to end the SEC investigation, end the BDC reporting structure, set the stage for AMEP to commence operational reporting, and finally, to commence PRs on the companies activities. The SEC gave the company a clean bill of health, including scrutinizing all financial reporting from May 2005 through the final approval this last week.
What is wrong with that?
AI
