American Energy Production Inc(fka AENP)

[winnotlose]

Hawk, here's the one and only reason why the board wants a R/S, line 1 of the filing;

"First, our Board believes that we have an insufficient number of unissued shares to allow for capital to be obtained from the investment community and to allow for subsequent growth".

Tells me there are some serious financial issues, with no help from any wells/production in the near future!

The other lines are complete bull dung as written as with most SEC filings, there is some truth with many lies! bottom line, shareholders suffer the worst losses from reverse splits;

Second, our Board believes that the current market price of our Common Stock may impair its acceptability to many investors, including institutional investors, professional investors and other members of the investing public and that the reverse stock split will encourage greater interest in our Common Stock by the investment community.

Third, our Board also believes that potential executives and other employees may be less likely to consider working for a company with a low stock price, regardless of the size of the company’s market capitalization. If the Reverse Stock Split successfully increases the per-share market price of our Common Stock (of which there can be no assurance), the Board believes this increase could enhance our Company’s ability to attract and retain key executives and other employees.

Fourth, to the extent that the reverse stock split does succeed in attracting more investor interest in the stock, shareholders may also benefit from improved trading liquidity of the stock.