Replies to post #31694 on American Energy Production Inc(fka AENP)

[tsipperhorn]

No, there are 5mm authiorized by the shareholders - look at the balance sheet and equity footnote.

The Board authorized 4mm of the 5mm shares authorized to be issued.

Not the same. Treasury stock is only if company buys it back. this is a conversion and thus the preferred stock not outstanding can be issued.