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Gold/Mining/Energy : American International Petroleum Corp

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To: Joe Smith who wrote (11855)6/3/2003 12:54:57 PM
From: DEER HUNTER  Read Replies (1) of 11888
 
12:53 est aipn.pk market report. Down 8.33%. All long term owners of this security have been thoroughly and completely ripped off.

finance.yahoo.com

Liquidity and Capital Resources As discussed in our Notes to Consolidated Financial Statements, we have had no material refining or crude oil trading operations at all during 2000 and no asphalt deliveries since May 2002.

In addition, we have incurred serious difficulties in obtaining and implementing agreements and financing that provide us with adequate cash flows and capital to fully operate our business. Although we have obtained short-term financing to allow us time to culminate various ongoing negotiations for our refining operations, E&P projects, and restructuring of our debts, we may not be successful with these endeavors. Consequently, there may be substantial doubt about our ability to continue as a going concern.


biz.yahoo.com

Thaaaaaaat's all FOLKS!
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