American Power Corp.(fka AMPW)

[BKBarrett]

All: I keep in close contact with the management (there are only three of them)of this enterprise. Basically they have reached the decision to try to sell the mining rights to the Pace property instead of trying to set up operations themselves. Therefore, they are pursuing two parallel goals: 1) get additional financing to keep the lights on. They have received a committment from a source for a $4 mm credit line, drawn upon stock. The sources' stipulation was that they register the stock. Hence the latest filing. And 2) they have approached anybody and everybody with the offer to buy (read: BTU, ACI, etc). That's where it all stands.