American Energy Production Inc(fka AENP)

[tsipperhorn]

Off the top, I think you are talking about different classes of stock.

Since Company has Preferred stock that it can issue (authorized 5MM shares preferred with 3.5mm os to CB, thus 1.5MM left). Thus, there is not a lot of preferred to issue.

I would prefer the prefered based upon the dividend tax preferred rate and the senior position oover common. Issue is that prefered is usually non-voting.

Other is another class of common - series A and Series B. But this would take a shareholder approval for a change to the articles.

Finally, there would be debt - in the form of convertible.

I would think this way - convertible debt with an attrative conversion into common or preferred, with a lien on all the assets and leases of the Company.