WyoInvestor, you posted "the claims of high living (unverified, do you know anything about that?) are huge red flags to me"...
That is a load of crap, that can be verified by many shareholders that have been to Mineral Wells. The poster who said they were buying stuff like Escallades (sp?) with company funds is libelous, ...period. CB drives an older model pick up truck and lives in a nice but average size ranch style house, on a ranch just outside of Mineral Wells; I've been there and can verify that.
... "I agree this doesn't stand a chance of passing as things stand now, but this constant "well maybe they will do this or that" justification for a RS looks like damage control and just plain hope on the part of longs." ...
What damage control or justification? Posting thoughts and speculation on what 'the Board' (not longs) had in mind when they released this PRE 14A R/S proposal, is not a justification or support. It is obvious that the overwhelming consensus of shareholders will vote this down as presented, and especially with the lack of any information to support the proposal.
..." I can't see where the support will come from to hold this price, let alone make a big run."
The Padgett wells are already driled and cased, and probably completed by now, and if so, likely being stabilized for numbers. If these wells in the Barnett can produce net revenues that exceeds the current small operating lose per quarter (and I think they will), then there will be a run - count on it. The net revenue and positive cash flow from those wells will enable AMEP to continue drilling off-set wells in the Barnett on the Padgett lease until it is maxed out on well spacing over the entire lease. If the Reef well comes in too (it also may be completed or close by now), then the run will be extended, ...and then some, as the company will have the positive cash flow to drill a ring of wells around this 'Mississippi Reef Reef high'.
Anyone selling before these wells are annonced may be walking away from a huge gainner IMO. That said, everyone must do their own DD, and make that decision for themselves.
GLTY WyoInvestor,
...greeneyedhawk
AI
Market Data 
Markets 
