Americas Energy Company, Inc.(fka AENYQ)

[petermic]

from Forbes Magazine online
http://www.forbes.com/forbes/2010/0301/investing-maidenform-core-mark-americas-makers-breakers.html

Matthew Schifrin, John Dobosz and William P. Barrett, 02.11.10, 02:20 PM EST
Forbes Magazine dated March 01, 2010

Lump of Coal
On heavy volume shares of Americas Energy Co. (AENY, 4.60) have risen 4,500% in a year. The latest financials for the mining firm, whose main office is now in Knoxville, Tenn., list no revenue, no cash and a negative net worth. The company just merged with a newly formed outfit that says it owns several coal properties in Kentucky and Tennessee. But those mines don't seem to be profitable.

The Web-posted bio of new boss Christopher L. Headrick, who didn't get back to us, lists real estate development experience but nothing in the way of resource extraction. Another company official is awaiting sentencing after pleading guilty to criminal income tax evasion. Someone has been paying a newsletter writer big bucks to flog the shares by making bold predictions of a $20 share price.

Before a reverse merger, the outfit was a Vancouver, B.C. miner called Trend Technology Corp. In November Canadian regulators issued an order barring trading in Americas Energy shares. But the restriction applies only in British Columbia. The securities remain available to dimwitted U.S. investors. --William P. Barrett