American Energy Production Inc(fka AENP)

[ctb]

"Add in the 10.5 million for conversion of the preferreds"

That assumes immediate conversion of all CB's preferreds - it's possible - but who knows when or even if CB can do it all at once?

When Baloonman spoke with CB he reported that CB told him:

"-It will take 8 years even at the fastest rate possible to liquidate his shares of AMEP, if he decides to, by which time he hopes to have grown the company tremendously."

http://investorshub.advfn.com/boards/read_msg.asp?message_id=20953014

Others, including Hawk, have reportedly been told the same thing by the company. It's still hearsay of course, until the company announces it.

"If a convertible debenture is announced, or some other dilutive financial instrument, the sp will continue to drop accordingly."

Such a dilutive instrument might be announced, but why in the next year or two, on top of $5,000,000 in new funding?

Regarding the shares issued for the PP, it has been reported by Hawk, and others, that they will be locked up for a period of time. Even if they weren't, I'd personally prefer they be in the hands of long-term investors than traders.

So, I think it is entirely possible, and plausible, that the trading float will in fact be around 20 million for some time, and even when the preferreds and the PP shares are eventually converted, I would not expect them to be sold into the float in large dumps - if the company is growing.

No doubt some will be over time - but all of them at once?