American International Petroleum Corp Message Board

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Gold/Mining/Energy : American International Petroleum Corp

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To: Sycamore who wrote (5315)	11/24/1997 7:58:00 PM
From: anyer	Read Replies (2) of 11888

Correct me if I'm wrong but why is Bossey saying wts. can be converted after 15 trading days? My read is that stock must trade at 8$ for 20 consecutive trading days at which time AIPN can give 15 days notice that wts. will be called. This would appear to be approximately 45 days after stock first hit 8$ as the earliest date. My Calcs are on RUMOUR if you choose to believe AIPN has already turned down 1Billion from Major Co, #1. 1Billion*0.7/43million=>15$ per share. Many stocks trade at considerably more than cash per share. As things now stand, unless something else changes, plan to hold for min. of 15$. Regards, Anyer

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