Replies to post #11102 on America Asia Petroleum Corp. (fka AAPU)

[poster44ny]

I wonder if those 40M shares I referred to in post# 11101 are the 80% holdings in AccelEnergy?

[poster44ny]

Kid: in my post #11101 do you think that 40m shares is TCGroup's holdings or coincidence?

[mthus]

That's some high class business strategy. I've been studying corporate income tax, and I just found out that the strategy he used was to make it a non-taxable reorganization. kudos for that post

[poster44ny]

On August 29, 2005, Anthony Chirico sold his entire ownership in America Asia,
consisting of 40 million shares of common stock, to
Investors Group. Following the sale, the board of directors elected Joseph
Mikacevich as [a] director[s] of America Asia followed by
the resignation of those directors. Following the resignation of the then
incumbent directors, the newly elected director[s]
approved the spin off of America Asia's wholly owned subsidiary, The
Chirico Group, Inc., to Mr. Chirico.

THEN THEY WENT INTO THE RINGO SHELL