American Energy Production Inc(fka AENP)

[winnotlose]

Fool me once, shame on you, fool me twice, shame on me! Seems like rock bottom has been reached here, and I'm not budging on my no vote. Today was another embarassing day for any investor in this company. The statement made by CEO Bitters was the following; Charles Bitters, President of American Energy Production Inc., stated, "This Webcast will give the Company the opportunity to begin communicating with the shareholders on regular basis."

1; Why has this lack of communication issue not been addressed years ago, and why is it being mentioned now?

Answer: He now knows he has no shareholder support due to his past performance, and desperately wants shareholders to approve his reverse split. He is so poor at shareholder relations, he only reverts to Joe Christopher even in his darkest hour he releases a statement as follows; "The Webcast will give shareholders the opportunity to call the Offices of AMEP subsidiary Oil America Group at 972-636-5150 or [e-mail] to ask questions about the June 30, 2007 10-Q then go to www.oilamericagroup.com to listen to the Webcast.

The past history of AMEP has shown his communication was very poor, and that this company never followed up on any press releases. Production news and numbers were sporatic and irregular. Evidence, look at the latest flurry of news and ask yourself what does it all pertain to? You got it, the reverse split. He needs money, at the shareholder expense.

One might say, hey, Winnotlose, isn't this how companies raise money, by selling shares?

Answer: Yes, but not after issuing almost all of the 500 million shares, private placements, and borrowing till you owe even your own brother where it affects day to day business.
Even to date, a net loss of $1,559,992 for the six months ended June 30, 2007. Oil and gas prices are at all time high's people! Revenues decreased $124,295 or 15%, to $694,612 for 2007.

Where does the money go?

Answer; Production! 6 month loss of
$1,343,070.

This man cannot produce oil and gas sucessfully!

Voting no, either fire Charles Bitters, or sell the rigs at auction and get money back to shareholders for the poor management!