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Gold/Mining/Energy : American International Petroleum Corp

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To: Ditchdigger who wrote (1896)9/1/1997 3:09:00 PM
From: Zeev Hed   of 11888
 
Ken, someone e-mailed me relative to LUNN and CADE here was my response (I took the addressee's name out to protect the innocents <VBG>):

> I spent some time looking at the LUNN/TPG merger. It seems as if
TPG will get about 75% of the stock outstanding and a 10 for 1 reverse
split will be accomplished. They will have about 5 to 6 MM shares after
the merger with sales of about 120 MM year, pointing out to possibly a
$20 stock after the nerger. My problem is that recently, TPG sales are
declining and there is no way for me to understand the reasons for that.
In any event, if my calculations are correct, the current LUNN stock
should be at about $2 with a good potential for a surge. I would wait for
entry until after the actual merger since they often have a declining
stock after a "reverse" split when stock comes on the market. I also have
a feeling that the deal is going through since TPG's principals are
looking for a way to cash in their chips, meaning that after the merger
there might be a lot of stock supply. This is actually TPG going public
using LUNN as the shell.

As for CADE, I do not see the excitment in an aerospace service
organization. How much can they grow?

Zeev
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