SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : American International Petroleum Corp

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: T-Lo Greens who wrote (4772)11/6/1997 10:05:00 PM
From: MARIO PASQUA  Read Replies (3) of 11888
 
Hi Again...someone asked to relay some post from AOL.
I met this person....I believe he is the most reliable source of informations & facts about AIPN Then all of us put together.

ubject: todays news
Date: Thu, Nov 6, 1997 19:44 EST
From: Mir p 62
Message-id: <19971107004400.TAA18966@ladder01.news.aol.com>

I am a little confused as to how some people are asking why this can't be seen as good news..when the week started, AIPN was a co with no operating business and no cash and a potential big oil find..today we have a start up asphalt business..13 million in the bank..and a potential big oil find..seems like scenario 2 is much better..as for todays announcement..if the exact terms were announced but done by Fidelity investments or GE capital the reaction
by most would be much more positive,,the fact that it is the Hunts does not sit well with a lot of people..that aside we recieved 10 million dollars ..for what ..giving stock away at 1 1/2 dollars higher than it is now ..and a warrant that if exercised by the Hunts will give us 10 million more dollars..having this type of $ is a major asset to have in any type of negotiation George may be in with potential partners...this in no way eliminates the
possibility of any other type of financing with a partner or investment banker and probably increases that possibility...I have always stated that the major move in the stock will only begin(which it hasnt yet) when the fundamentals improve..this is the start ... when we can firm up the royalty situation in Kaz the true move will begin..those who wish to sell have every right to do so but should not be looking to blame AIPN or Millenium..both
have delivered to this point and will probably continue to do so...keep the faith ...truly buy the dips ,see ya
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext