AMEP....releases lots of PR's when they have shares to sell, ie, to buy two drilling rigs "drilling in two weeks" which turned into about 5 months. No reports on status of the wells drilled, nor percent of the wells owned by private investors in the wells who were solicited by the company.
Are using Business Development Company (BDC) status (like TINY, LOL!) to issue shares (not money) to 100% owned "Investees" who then dump the shares bypassing the usual "equity financing" and saving on fees, plus no details on the Investees' financials are released, salaries, operating costs, etc.
Almost daily info was released to certain posters via phone calls to CEO (supposedly) during the share dumping which was about 350 million shares in a year, all denied by certain posters, but always exposed in the filings, some hidden as "issued but not recorded" in the body of the filings.
Filings are about as large as MSFT's detailing all the CD's, shares issued, etc., which I doubt even a CPA could follow and understand. Back taxes and loans not paid, according to the filings, but are explained away by posters (who supposedly asked the company) as belonging to the previous shell company and not due by AMEP which is total bullchit, IMO...
I suspect the SEC will take away the BDC status eventually and company will then have to resubmit all filings with required info which I predict won't be done and they will become a Pinkie...
All, JMHO of course and FYI, I lost a pps bet and stuck to my promise not to post on the AMEP board anymore which of course has totally destroyed me!!! :-)))
News 
Market Data 
Discover 
