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Gold/Mining/Energy : American International Petroleum Corp
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To: Sergio H who wrote (732)7/27/1997 1:44:00 AM
From: John Chapman   of 11888
 
Sergio: Thanks for the advice. I went back and scanned all 700 posts. I have also read all the SEC filings and press releases. I could not find where the $2.50 figure came from. I did find a few numbers in the past posts that I threw together and came up with $6.00 per share. The numbers are : 39m shares. $54,000,000 loss carryforward for tax purposes. $30m refinery value. $17/ bbl minus $5.60 production cost. 70% interest equals 35% after sharing with government. These numbers are only as accurate as the information the people had at the time they posted so I have no idea if they are accurate or not. I have 500 shares as pure speculation that some big oil player will take over AIPN or will make some other deal with them. With all the SEC filings and the other stuff I've read, I have a fealing that this is for real and stands a good chance of a profitable trade. Been wrong before. I do not think it will be too much longer before I find out one way or the other. The risk as I see is 15% loss with protective stop in place and 100 to 150% gain in a short time frame. This is a pretty good risk reward ratio fro speculative money. Besides all that, some of the traders on DTO own AIPN which is nce to see what they are thinking real time.
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