Alumifuel Power Corp. (AFPW)

[Terin]

To AFPW's credit, so that people don't think me too critical of an OTCQB:

1. AFPW is reporting.
2. AFPW has a product.
3. AFPW is attempting to move the product.
4. Tax Deferred Assets are a positive going forward.

This is uncommon in the scam-ridden penny stock arena that is replete with touted empty shells whose sole business is the running of a printing press.

The biggest concern with AFPW are the debentures and the continued dilution through the issuance of more notes. Filings indicate the company needs to raise another $1.2 million in capital to maintain operations. They raised the A/S for a reason. In August, they increased the A/S from 510,000,000 to 1,510,000,000, and pretty much hit that mark less than 4 months after the increase. Hence the increase in A/S in December to 3,010,000,000.

Looking at the volume since December, I now don't believe they have issued all of those 3 billion shares. If they had, there would have been many more 100 million or more share volume days.

If true, then the good side is that those shares have not been issued. The bad side is where the share price will be if/when those shares are issued.

Based on the filings, the company has to raise capital, and increased dilution is its only recourse at the moment.