MPDanford, very interesting post. It would be nice if you are proven wrong in the months ahead to come back and write another lengthy post to show where you were mistaken. If I have been wrong about this being just a momo pump and dump play, I will do the same.
Big Red Fags:
1. Why would a company use BDC and investees if they have nothing to hide in the investees' financials?? They own them 100%, why didn't they just merge??
2. Why did the CEO buy shares on the open market, then the company dumped 100 million shares during the year following??
What was he trying to accomplish since he could write himself option shares at any time??
3. Why is the Transfer Agent gagged so no one can determine dilution between filings??
4. If these are highly experienced oil field people, why do they release PR after PR and never meet any dates?? Are they selling shares while issuing PR's??
5. If they really have no debt as listed in the filing, why don't they have their accounting firm remove it from the filing??
6. Why can't/don't they sell their well treatment product to other well owners??
7. If drilling rigs are in high demand, how good will AMEP's drilling crew be with the experienced manpower shortage??
8. Private investors have been solicited to share the costs and risk of drilling of wells. Why hasn't AMEP told common stock investors what percentage of the wells they are losing??
Surely AMEP has a plan to sell no more than 20? 30? 50? 75? percent interest in the wells??
9. For a mini-cap OTC company, why are their filings as long as Microsoft's?? 98% of the AMEP filings are about CD's, shares issued for services, shares issued to investees, etc., etc. Can anyone honestly make sense of their filings??
10. Why do the major pumpers of this stock list pages and pages of positive DD, but never convincingly address the negatives of this company??
11. If AMEP has reached an agreement with the IRS on back taxes, did they include that fact in their filings?? If not, why not? Is it true??
12. How was the rig paid for by a company that has to sell shares, 100 million in a year, to keep operations going?? What portion of those shares were used to add value (assets) to the company?? How are the expenses associated with the rig being paid for?? Surely investors buying thousands of dollars worth of shares would want to know this??
13. Why do some posters when asked these questions just say, "Look at all the money I've made so far!!". You didn't make squat if you didn't sell, and if you did sell, you played the pump and dump and are not a true long, IMO.
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
