American Energy Production Inc(fka AENP)

[KlausVT]

spanishbid -

even if the preferred shares are not split does not mean that the conversion ratio does not change. It all depends what the company specified will be applicable in case of a split. And I was not able to track that information down so far. Has anyone else?

So the 3 scenarios are:

1) Preferred shares are split as well and the conversion ration stays 1 for 3

2) Preferred shares are not split but the conversion ratio is adjusted accordingly

3) Preferred shares are not split and the conversion ration is not adjusted

Scenario 1) and 2) are equivalent and give the preferred shares holder no advantage. 3), however would yield CB a substantial advantage.

But until anyone can present reliable and verifiable information on the matter I can not judge the situation. And this will be the last post from me on that matter.

Cheers