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AMEN Properties Inc.

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Msg  2 of 4  at  12/7/2007 3:56:15 PM  by

twinkle toes


Amen Properties

Thought I'd make the first post on Amen Properties http://www.amenproperties.com/ in case anybody else is out there...

-stated goal from company's website..."Amen Properties, Inc. is engaged in the acquisition of cash generating assets, primarily in energy-related industries."

-management has a large insider ownership position. company's current direction was put in place approximately 5 years ago.

-company entered 2007 with a $29 million NOL http://www.sec.gov/Archives/edgar/data/1037599/000115752307011344/a5547354.txt.

-company has expanded beyond the retail electricity business of W Power. For example, the company's Priority Power business provides energy procurement services. The company has also made a recent transaction with Santa Fe Energy Trust to acquire Net Profits Royalties... http://www.sec.gov/Archives/edgar/data/1037599/000115752307011051/a5542042.txt

-CFO Kris Oliver has recently signed an agreement that ties his bonus to the company's increase in book value per share...http://www.sec.gov/Archives/edgar/data/1037599/000115752307007471/a5459274.txt

Buyer beware on this one because this company is tiny and management has so far been very tight lipped regarding their future plans.


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