Taxikid, For now, until the number of potential recoverable barrels oil is announced, yes, your computation could prove right. But at least for the time being, everybody knows that this company's current stock valuation has nothing to do with anything of that sort at all.
Unfortunately, I still think you are focusing on the small scheme of things. I for one prefer to concentrate on the BIG PICTURE. Coupled with the belief, based on my DD, that when the right time comes, there will be enough barrels of oil to justify a minimum of 2 digits share price. In the absence of oil, this whole thing would be flawed and it would be a waste of time to do any computation.
The fact that insiders and smart monies are getting ready and have registered to cover exercisable warrants by March 1, 1998, looks very bullish in my opinion.
With 50 million shares outstanding and 70% ownership of MSUP, I figured @50 cents/barrel (ranges is .50-1.00) with no debts to service after the conversion, AIPN will have a share value of $7.00/bil of pot rec bar of oil found. If the company finds 2 billion, the share price goes to 14, 3 billion to 21. If it finds 4, 6, 8, 10 billions then the share price goes even more. You're a smart guy, you do the math.
sycamore |
