Basher, can't you read. Re-read the DD posts #1, #2, . That is what AMEP historically paid for these assets, which are now worth a big multiple of that figure.
That is a fact. That is the beauty of the assets valued in the 10Q at historical cost in the past, ...before the Barnett became the hottest valued formation in the US, on shore.
The day will come when the CEO decides it is time for an independent Oil and NG engineering firm to give a true and current value of these assets; and the new evaluation will be a big multiple of $2.8 million. When that news is released, someday in the future, the Market Cap and SP will fly.
BTW I am doing very well with a multi-bagger gain on BIPH, which you bash on iHub. Now I am doing very well here with AMEP, ...and you arrive to bash. I'm also doing very well with HISC, I have a multi-bagger going there too, ......are you going to bash it too? I hope so, as stocks you bash have a tendency to do extremely well.
... greeneyedhawk
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