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Gold/Mining/Energy : American International Petroleum Corp
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To: Probart who wrote (9553)3/9/1999 9:44:00 PM
From: DRRISK  Read Replies (2) of 11888
 
Thread II

I spoke to Dodge today and he said the following:

1. Oil men are coming to be leaders of the company soon but he equivocated over GF stepping down as CEO but for me anything less is a useless gesture. GF must go or at least appoint someone with a definite succession plan. He has no Street credibility.

2. Dodge claims that CSFB will not be a real deal until the 2nd Qtr which was defined as APR-MAY-JUNE.

3. The Hunts hold $2.9 million of unconverted money and that they will be paid back by todays registration which will be available within 4-6 weeks. He does not anticipate that any financing will be closed in between that would alter this scenario. That they will be paid in shares.

4. Chag will be signed next week.

5. A Gas marketing agreement would follow and that CSFB was essential in getting this deal.

6. That the listing of the Hunt shares is a beneficial ownership requirement but they are not holders of these shares.

This was all I could stand to listen to.

DrRisk
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