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Gold/Mining/Energy : American International Petroleum Corp

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To: T-Lo Greens who wrote (7637)3/6/1998 9:30:00 AM
From: Sycamore  Read Replies (1) of 11888
 
Tony,

Like you, I'm not very comfortable owning warrants either. Hence, just own very few. Though, I'm watching it very closely for clues as to what will happen to the common. It was even up yesterday while the common was down. And the fact that the warrants still command a hefty price a few days before the expiration is probably telling us something.

1. Good news is forthcoming that could potentially spike the price up soon,
or
2. There is expectation by the smart money that they'll be extended again as needed if further delays are encountered.

Though I think the latter is unlikely, there is always that possibility. Anyway, I'll watch it closely today and will act on it accordingly.

regards,
sycamore

P.S. If decent conversion is to take place substantive news must be out as early as next week to allow enough time for an efficient process to occur.
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