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Gold/Mining/Energy : American International Petroleum Corp

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To: Razorbak who wrote (9635)4/1/1999 11:21:00 PM
From: Ray  Read Replies (2) of 11888
 
Stripping away all the typically verbose, overly-cautionary statements by the auditors (as well as the other caveats normal to SEC filings), all that is really said is that if the company fails in its plans for the next year, it will fail. Well, Geeeee Whiiiizzzzz! There it all is - all we need to know for our decisions about AIPN! We are all indebted to you Razor for pointing us to where all the answers lie. Thanks so much.

In point of fact, such statements in SEC filings are simply standard for all but established, non-risky companies - and SEC docs even for such staid companies are laced with some cautionary statements and disclaimers. We all know AIPN is risky. So what? We are investing in a known risky company because of the potential large rewards if success is achieved. We all need to arrive at our own estimates of just what the risk/reward ratio is. And, SEC documents, IMO, are seldom of much help in this regard as they are so hugely burdened by a the need to cover the company's ass from ANY REMOTELY POSSIBLE lawsuit that they are not very useful for realistic estimates. I think you know this - so why are you trying to scare those who may not have read many SEC docs and are startled or genuinely worried by the more-or-less stock disclaimers and cautionary warnings? Are you really surprised at the statements in the subject SEC filing - or are you just following a personal but not stated agenda?
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