Replies to post #24368 on Aero Performance Products Inc (fka AERP)

[The Real Deal]

The problem I have with reverse mergers is that if a company is successful and profitable, they don't need some backwoods, cluster fudge of a penny stock shell. Many truly successful and profitable companies stay private because why? They are already making money and the owners get to keep all the profits. This just smells to me. If they truly want to go public, there are other ways that are more respectable and legitimate without risk to the company. If the company was truly an awesome company they would go a more conservative and safer route to going public.

[tally-whacker]

Cindy,
I think these may well be shares that fall into the "irreversible" or "cost prohibitive" catagory as far as correcting....
Anyway as I read it they are only just a bit over 1M series "C" which are convertable 1:1 into commons..
"The Company presently has one class of Preferred Stock outstanding, designated Series C Preferred, of which 1,182,500 shares are issued and outstanding. Shares of Series C Preferred stock are convertible on a 1:1 basis into shares of the Company’s common stock"

Someone got away with one IMO IMO. and anyway just 1M shares doesnt bother me much as a shareholder.
Im more interested, and concerned with with shares in escrow and the "other" shares controlled by GG.
What will become of them???
To me this is the 63M dollar question....
But then again what do I know? LOL
Just an interested shareholder hoping to keep an objective eye on this one.....