American Energy Production Inc(fka AENP)

[jacobboaz]

MPD, you said:

" JC also called me back on Monday and said something close to "a few others had also asked that same question and I don't know for certain how this will be done since he hadn't heard anyone mention it at the recent meetings discussing this plan." He went on to say that he "assumed that the preferred would be split the same as all the other shares" but he would look into it more. After that I did not hear back from him but later when I heard the comments otherwise I sent him another e-mail and he again called me back and explained that how the preferreds were to be managed was not part of the original plan but that the advisors to the BOD that they have relied on for this overall plan advised them to manage it this way."

If the preferreds were not set up that way when they were first created, why could they be changed at the whim of the BOD. That implies that they could have changed the conversion rate also; 10 commons for 1 preferred or whatever.