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Gold/Mining/Energy : American International Petroleum Corp
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To: qdog who wrote (172)7/14/1997 12:56:00 AM
From: Taylor Mill   of 11888
 
QDOG --- after reading a detailed daily chart showing October 1993, I believe you are correct --- the stock did appear to be trading pre-split closer to $.25 per share than the .$60 which I guessed from a 5 year chart.

In response to another post, I doubt that any company would identify themselves as a possible partner or purchaser in this "deal" at this point. I don't doubt that there would be viable candidates but AIPN has little bargaining power IMO.

As for the Houston Chronicle story, I believe it is a near duplicate of the Reuters story with at most maybe minor editing. The Reuters story I think makes a BIG mistake by identifying this B.S. as a "FIND" in their headline. Very very far from the truth. I hope that if any PR firm is behind this that they get a few questions asked of them by somebody. I have no idea who this Gary person is that you all mention but sure would be hesitant to believe any positive spin he might put on this story.

I still think you expert day traders can do well by watching this one. I also have strong reason to suspect that since 25% of the outstanding shares traded last Friday that many have taken the fast buck and run already to the bank. Should be interesting.

I also agree with Razor --- the story noted as the company release didn't even contain the "usual suspect", ie the forward looking statements disclaimer. The original story is much more carefully worded, but still would leave the investor with limited knowledgable of oil and gas with a very mistaken impression of what the real truth appears to be.
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