American Energy Partners Inc (AEPT)

[dexter30]

you say......They turned their common into preferred so they wouldn't reverse like the poor shareholders then made each of their shares worth ten shares.So why should they have to invest in common shares like the common people.


i say.....They turned their common into preferred so shorters couldn't unload the moneies mike already has invested into the co. for producing the product



.....d.d. from w2's 2007 10ksb


Item 13. Certain Relationships and Related Transactions, and Director Independence Transactions with Management and Stockholders Holding More Than 5% of Our Outstanding Common Stock
On April 3, 2006 Premier Capital Inc. a company owned and controlled by Michael McLaren, converted $524,708.33 dollars of debt for 52,470,833 common shares of
our company. Subsequent to December 31, 2007, these shares were converted into Series A preferred shares on a one share for one share basis. Mr. McLaren currently
holds 52,478,333 shares of Series A preferred stock. As of December 31, 2007 the Company continues to be indebted to Premier Capital for a promissory note in the amount
$137,556 plus 9.5% interest per annum. There is no maturity date for the note, other than it being due on demand.

Highland Electronic EDGAR Proof
Job Number: 13076
Filer: W2 ENERGY
Form Type: 10KSB
Reporting Period / Event Date: 12/31/07
Customer Service Representative: MARIE 602-375-0888
Revision Number: FINAL



best regards dex