Allied American Steel Corp. (fka AAST)

[otcbloodhound]

I read through their publicly available SEC filings and everything you want to know is in them. Obviously and for what ever reason you haven't read through them so I will try to give you a quick re cap of what I discovered in about an HOUR of skimming over the documents:

1.They've made filings to the SEC in Washington DC.

2. They have just acquired an option to a property in Quebec.

3. They were able to raise more than $90,000 by issuing stock to a private investor.

4. The 43-101 is on their website.

5. The Russian filings are probably because a Russian owns like 49% of the common stock.

I haven't read into these reports with much detail yet but it seems like everything is going according to plan. The option that I mentioned is contingent on AAST incurring $1.5 million dollars in expenses. Phase I will cost $250,00K and Phase II will cost some where $1.8 million.

As I said before this DD was done pretty quick and I will be doing alot more work tonight on it. Everything I said can be found in the filings and the company's website.