Aero Performance Products Inc (fka AERP)

[WinningTrade]

This is from the 14a./


The company previously issued convertible debentures that were in violation of Section 61 of the 1940 Act in that the debentures were convertible at rates less than fair market on the date of grant and were issued without shareholder approval. The Company believed that the nature and features of the convertible debentures were such that the instruments would not be governed by Section 61 of the 1940 act; however, the SEC subsequently determined that Section 61 did apply and that the debentures did not comply.

So according to the SEC the C/D broke the section 61 regulations of the SEC act of 1940! And the debentures do not apply thus they are null and void! Hello small O/S! Mr. TrendGreen