Aspen Group Resources (ASRPF)

[Amaunet]

Incredible change. Out vote might mean something.

In a settlement of outstanding personal litigation, the Company’s former Chairman and CEO Jack Wheeler transferred the shares beneficially held by him to the plaintiff in the action. To the best of the Company’s knowledge, Mr. Wheeler beneficially holds no Aspen shares.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001175710%2D03%2D000112%2Etxt&FilePath...
Filing Date: 9/4/2003 Form Type: 20-F


Repost excerpt:

The election of the newly elected Board of Directors increases to total percentage of Shares controlled by the Executive Officers and Directors from 37.2% referenced in the Management Information Circular, to over 40%.- Press Release , June 02, 2002

And that Farrell Kahn - 9.5%, Beacon Trust - 6.6%, and Custer County -5.6% own a total of 21.7% which are not included in the over 40%.

And that 21.7% plus over 40% equals at least 61.7% shares owned by insiders or shares that are closely held.


reference
http://www.investorshub.com/boards/read_msg.asp?message_id=369304