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Gold/Mining/Energy : American International Petroleum Corp

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To: anyer who wrote (7378)2/13/1998 6:40:00 PM
From: Sycamore   of 11888
 
Anyer, Nice move on SEV today. 4 points plus in a day, wow! Hope benefit from it. You'll never know GF may be listening.

The 40 days extension on the warrants should be very good for current holders. Went back to my old newspaper to check the price of the warrants with 60 days time premium to go and here is what I've found:

Closing Prices on January 2, 1998
Warrants : $1 5/8
Stock : $3 1/2
Warrants expire March 1, 1998 (56 days before expiration)

Compare to:

Closing Prices today, February 13, 1998
Warrants : $1 1/32
Stock : $4 1/16
Warrants expire April 9, 1998 (55 days before expiration)

Now that the extension is announced, assuming history repeats itself, we could probably expect the warrants to trade higher from here. Enough to recover my warrants paper losses with some side bonuses perhaps.

Nice move on both the warrants and the stock today!

regards,
sycamore
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