Replies to post #30341 on American Energy Production Inc(fka AENP)

[ctb]

I suggest others call and let them hear from JC or CB the same thing...that, as you put it, "the company is positive that the note, which is still assigned to Bend Arch does not contain a stock conversion feature."

It's hard to understand how the company would be so audacious as to lie about this conversion feature.

[shadow43560]

GEH What was transferred to Bend Arch..the liability of the note or JB's ownership of the note? I can't imagine why JB's ownership would be transferred to Bend Arch.

Is there any SEC filing stating that the terms have been modified to take away the 50% discount on conversion to AMEP stock?

The bookeeping entries to record the note is not the issue here..The issue, for me, is can JB convert the $2 mm note to shares..I don't see anything to make me see otherwise..

[sillyunclekarl]

GEH, note "just dropped out" of AMEP's statements?

GEH, thank-you very much for your work and as a long, I'm very hopeful you are correct. But, as an accountant, (and investor) I need more information (from the company), especially when it concerns a note between brothers.

For example: Can you just "drop" your home mortgage from your personal financial statements next month, and not owe the bank any more? (In my world it doesn't work that way.)
Do you see what I'm saying?

The stock price is down to .02 (50 cents post conversion). This low level isn't going to accomplish the stated goals of the 1:25 R/S. We need to be at least be over a dollar post R/S, prefferably over $2.00. And, clearly, we're not getting there this way....

Just my 2 cents... GLTA