Aero Performance Products Inc (fka AERP)

[WinningTrade]

If you look at the 14a, GGI neither had rights or control of the escrow shares. No warrants were to be exercised and the SEC ruled that the debentures do not comply.

From the 14a./

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; however, the Commission subsequently determined that Section 61 did apply and that the debentures did not comply.

Mr. TrendGreen