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Gold/Mining/Energy : American International Petroleum Corp

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To: Juan Dominguez who wrote (851)7/29/1997 11:46:00 AM
From: Thu Ra Tin   of 11888
 
Subj: AIPN
Date: 97-07-29 11:34:35 EDT
From: LMPITTS

Dialog with Faris Bouhafa..in NYC

George Faris, ceo is very concerned not to dilute the AIPN shares...this is shown by...

-AIPN just recently bought up all the debentures so shares were not diluted..only $300K left of debentures.

-Marathon Capital (Canadian firm... whose CEO was represented at Mondays meeting)....made AIPN an offer to give AIPN more money than they needed for equity interest...but AIPN turned them down...CEO -George Faris had a little running dialog with Marathon/CEO during meeting....and suggested that the two were still talking over possible finances..such as finacing by debt...with the two nodding to each other..
cont.
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