American Energy Production Inc(fka AENP)

[mom2jbk]

Here is another thought that dispels your theory, if someone walked into day and bought the company, they would be paying for approximately 30 million shares, 19.78 million common and 10.5 million preferred.

If you want to look at it differently, convert the preferred, pre close, and you get 30 million shares and change.

Bottom line, if someone bought the whole company, Mr. Bitter's preferred would be bought out, therefore, he owns 1/3 of the company, fully diluted, today.