American Energy Production Inc(fka AENP)

[KlausVT]

I think it is pretty clear from the wording that Preferred Shares are treated the same as common shares but the open topics are convertibles and the Authorized shares.

In order for the RS to work the AS cannot be reduced by the same ratio otherwise it would only achieve the purpose of a higher ps but not the shortage of liquidity. But reducing it by maybe 10/1 might settle down a few more skeptics and limit the amount of dilution perceived looming in the future.

If the wells do come through (as most of us here expect) then liquidity issues will be a thing of the past rather soon (within a year) and dilution fears won't be an issue anymore.