InvestorsHub Logo
Followers 1
Posts 147
Boards Moderated 0
Alias Born 12/03/2007

Re: lordwinmore post# 153

Friday, 12/07/2007 11:46:34 PM

Friday, December 07, 2007 11:46:34 PM

Post# of 297
I don't think you read my earlier post. There are only 990,000 shares after the reverse split, but that was designed to give Mr. Anthony complete control. The rest of the filing says he is authorizing 300,000,000 shares for future issuance, with 50,000,000 approved for immediate issuance. Current shareholder influence will be virtually nil since our votes were reduced by 50 to 1, and his control is complete. Additionally, his shares constitute a considerable dilution of share value for current shareholders, and the nature of the new company is unknown. You have better odds of making a profit by entering the powerball lottery than with APGE. I have quite a few shares and hope I am wrong, but the filings were pretty clear. He and Laura are using this shell brilliantly to make a pile of money. I am in for the duration since there is no market for the shares I own and it provides some theatrical value to my daily life. All the best.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.