American International Petroleum Corp Message Board

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Gold/Mining/Energy : American International Petroleum Corp

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To: MulhollandDrive who wrote (1229)	8/11/1997 2:09:00 PM
From: faris bouhafa	of 11888

Betty-- <<My point on this company is that until they can demonstrate their ability to convert the oil into earnings (most likely by a partnership agreement) anyone should look at this company with extreme skepticism.>> Near term, AIPN will be valued on the basis of net asset value (NAV) not earnings. The NAV will be determined once "probable" or "proved" reserves are identified. I don't think Triton has made a dime for the last six years and, yet, its stock trades around $40/share. This is because of an NAV determination by the market. <<It looks to me like their partner that has fronted the money for the licensing has a lot to lose if the stock cannot reach the $5 level and a whole lot to gain if it does.>> What partner are you referring to as having fronted the money for the licensing? I don't understand. Cheers...Faris

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