Alaska Pacific Energy Corp: Message From the President
14 März 2013 - 1:30PM
Marketwired
Alaska Pacific Energy Corp. (OTC Pink: ASKE) published a message
from its President, Dominick Falso. Mr. Falso said, "I have been
receiving a lot of telephone calls expressing concern over a few
specific issues. I simply do not have the time to answer each call
and/or email personally, so I will address the issues here. Many
people are concerned about the price of the stock. Of course, it is
important to all of us. A lot of the calls and emails are
expressing concern as well over the raised authorized shares and
the additional shares that have been issued. I have also received
some telephone calls, messages and emails that presume the company
is selling stock into the market.
"I would like to cover these three issues and some more issues
that I consider to be more exciting. In reverse order, the company
does not sell stock. We cannot sell stock. The insiders cannot sell
stock nor would we. Any stock that is being sold is in response to
market pressures. If you look carefully, you will see most of the
stock that has been traded has been people buying the stock on the
ask or the offer. That is good for us. That is people showing
confidence and I appreciate that.
"Now, there is some stock that has been issued to retire some
debt. These creditors have converted some debt into stock and they
are interested in the company's welfare and have promised to not
tank the stock. And regarding the first point I brought up... the
price per share... of course we would all like to see as high of a
share price as possible. I believe that as the company continues to
build a solid foundation, the public will recognize the value and
the price of the stock should rise; organically. I do not know of
any magic bullet here.
"We are very excited about the opportunities that I have been
looking at in the oil industry. As you know, I have been talking
with people in regard to the Eagle Ford Shale opportunities. This
is about the biggest thing that has hit Texas in about 20 some
years. It just makes since for us to be a part of it. We have also
looked at some opportunities in Kansas, Colorado, other parts of
Texas and Oklahoma.
"It's easy to look at these deals but it's another thing to get
the funding for them. Now, one of our original intentions was to
find partners that would be willing to accept restricted stock. The
theory being that we could get the money from the partners to fund
the project. The restricted stock could not and would not be sold
for one year from the date that it is issued. We would have that
year to turn the project into a profit. At that point, the partner
who funded the deal could have stock, but it would not make sense
for him or her to sell the stock at a discount. But rather to
either hold the stock, borrow against it from a responsible lender,
or if he or she did sell it, sell it at a responsible pace.
Optimally the company could buy the stock back with profits from
the project. That is still an opportunity that we are exploring. We
have found a couple of deals that should be able to work this
way... properties that appear to be worth developing.
"However, we have also initiated relationships with funders that
would rather receive a piece of the project instead of pieces of
the company. This type of funding does not put additional stock
into the market and appears to be much better for the company. We
feel that if we continue to work at this, we should be able to put
a deal together. There is still lot of work to do.
"Up until now I have done a lot of the work myself. I have a few
consultants that are working on the 'if come.' The idea here is to
populate our Board of Directors with men or women that have a
proven track record in business, preferably the oil and gas
industry. However, before putting them on the Board, I am watching
them work on a consulting basis. I will identify them as soon as it
makes sense and I get permission to do so. So we are still in the
building stages, if you will, from that stand point... rebuilding
the foundation of our company. This is a genuine company with a
genuine set of goals to develop properties... one way or the
other.
"The other thing that I wanted to talk about is the phone calls
that I have been receiving regarding whether or not we are going to
do a reverse split on the stock. That was something that was looked
at when the company was taken over. However, the public has
responded very favorably to the management change and it was has
been decided that a reverse is not necessary. It is not the
company's intention to forsake it current shareholders... the men,
woman and institutions that helped grow the company get to where it
is today... whether that is good or bad... where we found it.
"Regarding that, there were several 504 offerings made before I
became president. I have no intention of raising money that way. In
my opinion, 504's usually kill the price per share. Regardless of
what our predecessor might have done, we are interested in
developing the company and trying to create an increased
shareholder value. We are very excited about what is going on. We
are working very hard. I just thought I would keep you folks up to
date. Talk again soon."
Safe Harbor Statement: This release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934 that are based upon assumptions that in the future may
prove not to have been accurate and are subject to significant
risks and uncertainties, including statements as to the future
performance of the company and the risks and uncertainties detailed
from time to time in reports filed by the company with the
Securities and Exchange Commission. Although the company believes
that the expectations reflected in its forward-looking statements
are reasonable, it can give no assurance that such expectations or
any of its forward-looking statements will prove to be correct.
Factors that could cause results to differ include, but are not
limited to, the company's ability to raise necessary financing,
retention of key personnel, timely delivery of inventory from the
company's contract manufacturers, timely product development,
product acceptance, and the impact of competitive services and
products, in addition to general economic risks and
uncertainties.
CONTACT: Alaska Pacific Energy Corp. Dominick Falso President
(954) 793-0657 www.alaskapacificenergy.com -web site not yet up to
date. info@Alasksapacificenergy.com
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