American Energy Production Inc(fka AENP)

[shadow43560]

LTG

you said
"2 rigs means two wells a month or better. I see massive positive revenue generated very quickly.It doesn't matter whether it's applied to a 500 million O/S or 20 million. The price multiple will be applied as the ratio dictates. The stock prices adjusts accordingly. So if there is enough to drive your nickel to a buck with a 500 million O/S then it will also drive your 1.50 to 30 bucks with a 20 million A/S count."

If CB converts his 3.5 million preferreds to 10.5 commons..there will be 30 million common shares outstanding..
Using your pps of $30 x 20mm shares that is $600 million market cap..

However if he converts..and why not..the $600 million / by 30 million is $20 share ..this rational will work on lower than the $30 you used.

Think about this..why did CB set up the preferred share classification in the first place? Is it not conceivable that this was always the plan?

Even if the a/s was reduced to only 50 million there would be enough to convert the 10.5mm..and CB has 30% of the co..After that, our votes will never be enough to effect the outcome of any contentious proposition put forth by the company.

More conspiricy theory..suppose the company knows there is more gas/oil there and kept it secret..the perfect reason to convert..I am simply throwing this out for something to think about..Doesn't it strike you as strange why CB has not acquired more common shares than he has? hmmmm