American Energy Production Inc(fka AENP)

[KlausVT]

aardvark -

I agree with you to a point. I think he deserves a certain share of the company based on his previous investment which he did not cash in on yet (hence the Preferred Shares). But the proposal gives him way too much.

A good solution would be if he'd exercise let's say 2.5 or 3 mio of his shares pre-split and the rest at his leisure post-split. That would circumvent the exorbitant reward of 37% and limit it to ~10% max overall and also could be done without any overhead associated with changing the regulation for the Preferred Shares he owns already. And a step like this would put most share holders at ease (at least for most part as that still does not address further dilution fears but the 10% ownership for CB would lessen the likelihood for that to happen) and demonstrate his good intentions.

Regards,