American International Petroleum Corp Message Board

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Gold/Mining/Energy : American International Petroleum Corp

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To: Richard E. Murray who wrote (9076)	8/13/1998 12:28:00 AM
From: Alski	of 11888

Rick, I think you got the Hunt's convertible deal mixed up with the previous warrants. The old warrants had a fixed price too. The potential problem with warrants is it sets up a riskless short opportunity. If you're holding warrants that allow you to buy stock for $1.50 there's virtually no risk in selling the stock short. Whenever it gets over $1.50 you can sell short and cover when it's back down. If GF pulls a rabbit out of his hat (we all hope) and you happen to be short, you can always exercise and cover. It puts a lot of pressure on a stock if there's too many outstanding warrants. Alski

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