America Asia Petroleum Announces Ticker Change to AAPU PR Newswire via Comtex- 354 days ago clip|unclip Send to a friend America Asia Petroleum (OTC Pink Sheet: AAPU) announced the change of its ticker symbol from AAPM to AAPU due to the recent reverse stock split from 1:40. The decision to affect a reverse stock split was made in an effort to generate renewed interest in the company after the suspension of trading and to remove any control from those who could be possibly shorting the stock.
The management wants to make clear to all stockholders that any changes are to the benefit and protection of the company and its stockholders. America Asia Petroleum represents joint venture energy companies that operate in China for the North American markets.
In addition management is discussing changes and options for America Asia's business future. While the suspension has been lifted, the company being a gray non reporting pink sheet has negatively impacted the public market.
There is no "End of the World" date with this stock. I believe algol is telling us what he was told, but things as complex as this in the business world are in a dynamic situation and can change daily. Longs are not boxing us into an arbitrary date of any kind.