Replies to post #129 on Cobs NSS Solutions

[GOLDENBOLLOX]

Hilander

I find Marketwatch has accurate charting information.

I'm going to do some additional volume analysis on AMEP.

http://www.marketwatch.com/tools/quotes/intchart.asp?symb=AMEP&siteid=mktw&time=20&freq=...

[GOLDENBOLLOX]

Does this look familiar

AMEP

RECENT DEVELOPMENTS

In May 2006, the Company received a letter of inquiry from the SEC, primarily related to its operations as a BDC and its compliance with the requirements thereto. In response to the SEC correspondence, the Company conducted a review of its compliance with the 1940 Act and determined that it was not in compliance with the 1940 Act. While the Company believed the BDC model was the right structure for it at the time that it elected such status, it has determined that, going forward, it should, consistent with its current balance sheet, withdraw its election to be regulated as a BDC.

The Company is working with the SEC to resolve the issues detailed in their May 2006 correspondence and anticipates that, upon resolution of the issues, will request shareholder approval to file a Form N-54C, to withdraw its election to be regulated as a BDC under the 1940 Act. Subsequently, the Company intends to pursue a business model whereby it will be an oil and gas operating company with wholly-owned subsidiaries that are currently classified as majority owned portfolio companies as a BDC.

If shareholder approval is not obtained, management has serious doubts about the future of the Company as a going concern. In order to remain a BDC, the Company will have to expend significant resources to reach and maintain compliance with the extensive requirements of the 1940 Act, applicable to a BDC. Additionally, the Company will be required to modify its operating structure such that it will no longer own 100 percent of the outstanding assets of its portfolio companies. The impact of remaining a BDC will be more fully detailed in a forthcoming proxy statement to shareholders of the Company requesting approval to de-elect its BDC status.

The Company may face certain contingent liabilities as a result of potential actions by the SEC or others against the Company. As of the date of this report, management could not reasonably estimate such contingent liabilities, if any. The outcome of the above matter could have a significant impact on our ability to continue as a going concern.