American Energy Production Inc(fka AENP)

[CashCowMoo]

OMG! look at this, did anyone pick up on this? im new to this company...so maybe there is also light in this filing. is it REALLY THAT BAD???? some positive, but HONEST spin please


OK so AMEP has only ONE employee?

"The Company is also in default on certain notes to banks and is in the development stage with minimal revenues"

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001108017%252D05...



We had net losses of $5,049,995 for the year ended December 31, 2004 and $1,939,035 for the year ended December 31, 2003.

In addition, we had negative cash flows from operations of $511,266 for the year ended December 31, 2004

At December 31, 2004, our current liabilities exceeded our current assets by $272,751, we had an accumulated deficit of $9,360,491 from previous business operations and we had a deficit accumulated during the development stage for our new business operations of $6,760,389


We have substantial current obligations and at December 31, 2004, we had $953,608 of total liabilities. The Company does not have sufficient cash resources to pay these obligations.


Conflicts of Interest . Certain conflicts of interest exist between the Company and its executive officers and directors.