Replies to post #28880 on American Energy Production Inc(fka AENP)

[shadow43560]

You said "Bitters needs to convert Common to Preferred period.Shareholders should not settle for anything less. Why should he sit better than the common shareholder?"

Did you mean convert preferred to common? There presently are not enough unissued shares available to convert the entire 3.5 million preferreds..The co could buy back shares but doesn't have the $$ to do that..

I agree with your last sentence..the 3,500,000 preferred shares JB holds should have the same 1:25 reverse split.

What would have happened if..BIG IF..there was a forward split..hmmm Would CB kept the present 3 for 1 ratio?