Aspen Group Resources (ASRPF)

[Amaunet]

We have lost two members of our Board of Directors, James E. Hogue and Anne Holland.

We have added to our Board of Directors Mr. James A. Unger, CEO of ARI Industries of St. Charles Illinois, a leading railcar manufacturer, and Vice-Chairman of ACF
Industries; Mr. Robert L. Calentine, former CEO and founder of Custom Steel Inc., a leading supplier of custom fabricated steel products; and Mr. Robert D. Cudney, CEO, President and founder of Northfield Capital Corp. of Toronto, Ontario.


We have lost CFO, Peter Lucas.

We have added Allan Kent, Executive Vice-President of Aspen, as Chief Financial Officer of
Aspen.


We have lost Ronald L. Mercer, the Company's President and Chief Operating Officer.

We have already embarked on a vast realignment program . We may or may not see some of the results in our next quarterly.

Yes, we look to be in an unstoppable regression. However, Aspen was not working efficiently in her old form and Cudney is the master of change, this is what he does. We have seen this in his other companies. Is it coincidence that all of these changes have taken place since Cudney invested in Aspen?


I think Cudney is aggressive and my feeling is we will be made larger through mergers and acquisitions and like Suite101 I expect that this will involve a business combination or other material transaction.

So, is this the end or the pain preceding a rebirth? I am not so sure this is the demise of Aspen, I feel that is a somewhat simplistic view that ignores the above facts, but I also cannot tell you that this is positively a rebirth.



And will we be allowed to participate?

Only watching, Am



Reference:

http://www.investorshub.com/boards/read_msg.asp?message_id=519878