Member Info for specman

The cash has not hit the bank yet nor will it hit the bank. It is over one year late. It does not take this long for a wire to transmit and post. No more back stops. Find another company to farm in!

Maybe you should check out the history of APEC management. OPUS Offshore. Funny business that was not so funny. US, Dutch, and Mexican companies left waiting. This is more of the same imho.

Annie the musical has a song called “Tomorrow”. It doesn’t take weeks for a wire transmittal to be delivered.

The funds were to be delivered some time ago. I wonder if anyone has actually spoken to the bank handling the transmittal. Chinese companies have been known to utilize fraudulent documents on fake letterhead.

There is no money. APEC reps have been trying to broker other deals. Another paper tiger. More sketch from China. Lots of promises and no delivery.

APEC’s people have a history of leaving people at the altar in their previous company affiliations. Just look at their website and then search Opus Offshore. Opus and their parent company reps didn’t even bother to show at the agreed location to sign closing documents a few years back. Many people were left in the lurch not to mention the seller reps.

Seems that the government is going to sweat out Aminex.

Good questions! I understand there was a remediation performed but it appears there is another issue that was hinted at in subsequent reports. Vague mention of liquids in the well bore and mention of testing and such. It appears to me, based on the June slide deck, that this company is seeking a buyer. Someone interested in distressed assets may make a run for it but not without some sort of positive mews from the regulatory authorities.

Many mixed messages. Cutting of G&A is now taking place after the departure of the CEO. This company is in dire straits and has no firm date for a turnaround but they state they are actively seeking new ventures in their June slide deck. How can a company in their current financial and operational situation be seeking new ventures? I snapped up a few shares. Cheap shares for a company with very little in the way of prospects but so much potential per their public statements. Surely they would not mislead the shareholders.

Drew- that response wasn’t for you. Not everyone speaks to you all of the time. Get over yourself. Go pick on crusty.

I am fairly new to the MB but have held shares for 7 months. I will identify myself at the meeting. Don’t worry about that. Will you be there and will you make yourself known to me?

Have a Merry Christmas Dunder!

Crusty- Do you think Drewsky will actually identify his irbher self at the EGM?

Drewsky- I haven’t seen anyone tell you to “Shut up”. Be nice.

Drewsky- since you list as a “strong buy” I will assume you buy shares every day right?

I checked your math. Looks good to me.

Drewsky - is 250k net to AEX or net to the JV?

It seems that 250 is a nice round number for management. Compression is priced on size. Interconnecting pipe and associated controls with I&E push a compression project of this type over 250k IMHO. If the compressor is a rental the costs would need to be reported properly rather than glossed over. The compression and well remediation costs seem very light IMHO. Costs are usually higher in remote areas of operation.

I was right. Not replaced.

I doubt it was replaced since most are not retrievable without a full workover. It may have been locked open and a storm choke installed. Who knows.