American Energy Partners Inc (AEPT)

[Sheeple O Plenty]

Reverse Stock Split – On March 29, 2012 the Company’s common stock was reversed on a 1 share for 100 shares basis.

Common Stock Issuances – During the six months ended June 30, 2012 the Company issued 95,516,931 shares of common stock for cash at an average price of $0.01 per share, resulting in an aggregate value of $817,833.

95m shares at an average of .01 each is $955,000. They claim to have received $817k.

Here's for your RESEARCH AND DEVELOPMENT garbage, also from the financials.

Research and development
We spent $40,261 on research and development for the six months ended June 30, 2012, compared to $14,790 for the corresponding period in 2011, and $470,331 since our inception.

So they spent $40k on R&D while they dumped $817000 worth of stock!