Replies to post #21106 on America Asia Petroleum Corp. (fka AAPU)

[hardtimes]

Looks like AAPU is playing out just like the DD here indicates:

"The same individual or individuals may own the same proportionate stock interests
in two or more corporations. If it is desired to merge those corporations, one method
of doing so without going through the steps of a statutory merger 6 is for the
stockholders to contribute their stock in all but one of the corporations to the remaining
corporation. After transforming the brother or sister corporations into subsidiaries of
one of the corporations, a practical merger of the corporations can be effected through
the complete liquidation of the newly created subsidiaries"

Source: www.lexisnexis.com "Corporate Liquidation
and Dissolution"