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Gold/Mining/Energy : American International Petroleum Corp
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To: douglas hicks who wrote (1069)8/2/1997 1:29:00 PM
From: faris bouhafa   of 11888
 
I agree 100%!!!!

Here are some additional thoughts as a follow-up to my previous post:

Just to finish my thought, it would seem to me that AIPN stock would not be trading in such an orderly manner, with solid support thus far, unless there were institutional accumulation underway. This is not beyond the realm of possibilities. Remember, Marathon Capital, which I understand to be the largest brokerage firm in Canada, has already expressed a strong interest in acquiring an equity position in AIPC in exchange for financing. Even though George Faris is unwilling to dilute the stock and insists on a financing arrangement for debt, it is clear that Marathon is interested in AIPC stock. They could easily be accumulating on the open market. Furthermore, while I have no way of verifying this, I did overhear at Monday's meeting that Morgan Stanley was accumulating a position.
So, there is undoubtedly serious money at play in this stock. If there were not, the stock would be much lower than it is now especially after the Reuters article. The fact that it quickly recovered after that article came out is further evidence of my argument. If I were you, I would go with the serious money...sometimes referred to the "smart money".

Cheers...Faris
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