American International Petroleum Corp Message Board

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Gold/Mining/Energy : American International Petroleum Corp

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To: anyer who wrote (7378)	2/14/1998 11:55:00 AM
From: DRRISK	Read Replies (1) of 11888

Anyer, The cupboard is not bare at Aipn, they have money. The run at the close on Friday makes me think that news is coming. They will drill only if the JV deal demands proof. This company does not like to drill. To me that is fine and I believe the recent Kasakstan decision to freeze any deals going forward until they consolidate their present situation is very bullish for the Company. The ability to barter now is even stronger. If Iraq blows which seems likely, Caspian oil is even more important. I do not see how AIPN can screw this up. When the seismic is finally reported the JV will only salivate more and the Freeze is perfect for AIPN regarding this. Aipn wants the best and safest deal for this once in a lifetime asset. We will see a last frantic effort to move the stock before the warrant expiration. I hope that they can not mobilize the common before that because they will then extend the warrants (IMHO). Failing that we get a call on expiration with the premium at the price paid for warrants plus whereever the frantic next week leaves us. If they get stock to $7+. The warrants expire with a $3.00 premium minus price that you paid and we get redemption and less dilution because those who own warrants at high let them go. I believe the high for the year was almost $4. The deal between $7 and $4 on common is the same but numbers incrementally favor less dilution and less redemption. The scenario will be finished soon and I see no other routes. The Company wants the money but the delays have cost them opportunity. Nonetheless, that is how I see it. For me I want extension or I have to get out my calculator and do the math if we get a run over $5. Where is Taxi Kid when you need him? DrRisk: loaded up on common at price under four on this recent weakness 14K in trading account. Good luck all, this next period before March 1 should be interesting.

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