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Replies to post #53 on American Standard Energy Corp. (fka ASENQ)
OilStockReport
11/19/10 5:44 PM
#57 RE: steamingstockpile #53
On October 1, 2010, we acquired American Standard Energy Corp., an oil exploration and production company, in accordance with a Share Exchange Agreement among Uncle Al’s Famous Hot Dogs & Grille, Inc, American Standard Energy Corp. (“American Standard” or “ASEC”) and the shareholders of American Standard. Pursuant to the Share Exchange Agreement, we acquired 100% of the outstanding shares of common stock of American Standard and additional consideration of $25,000 from the American Standard Shareholders. In exchange for the American Standard Stock and the additional consideration, the American Standard Shareholders acquired from us 21,999,997 post reverse shares of our common stock. As such, immediately following the merger, the American Standard shareholders hold 86.1% of the total issued and outstanding stock of the Company.