American International Petroleum Corp Message Board

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Gold/Mining/Energy : American International Petroleum Corp

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To: MARIO PASQUA who wrote (4774)	11/7/1997 6:54:00 AM
From: CMon	Read Replies (1) of 11888

Without taking issue with any of the rest of the argument you posted from AOL, I want to point out the error in its description of the fianancing. Stock will be sold "1 1/2 higher than it is now" if the stock is at 8 or higher (a 20% discount). If the stock is below 8? The debt converts "according to a formula" that wasn't in the press release. My guess would be a discount to whatever the stock price is at that time. This guarantees the lender a clean profit in all circumstances except one where there is no market for AIPN shares. It also puts no cap on the potential dilution to shareholders should the stock drop. Just wanted to correct the record.

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