Replies to post #30833 on American Energy Production Inc(fka AENP)

[mom2jbk]

Here is a question on the note, since they extended it for only 60 days, could they be setting it up for the RS not to pass, as well? What I mean is, if the RS doesn't pass, could JB demand settlement on the note?

If AMEP doesn't come up with the funds, could he then kill the deal and take his property out?

On the other hand, if the RS passes, could they be setting up to buy him out with some of the new fund?

[jacobboaz]

There may be no option to convert the $2M note to shares, but there also is nothing that keeps them from paying with shares. How else would they pay off the note in 60 days if it wasn't with shares?