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Gold/Mining/Energy : American International Petroleum Corp
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To: DRRISK who wrote (9632)4/3/1999 9:23:00 AM
From: Taylor Mill  Read Replies (2) of 11888
 
DrRisk

I have not posted here in a while and I don't disagree with many of your comments but find this characterization of AIPN as one that totally ignores the operational history of the company and in many ways is indicative of why so many investors have lost money due to misinterpreting the actions of the company:

>it suffers from the fact that it is dependent on financial
>factors that do not readily reflect the entrepreneurial nature of a
>“wildcatter” venture that is AIPN.

Bottom line is that the company is not what one could characterize as a "wildcatter". Wildcatters drill wells; they win some they lose some -- at least they get chances to win because they look like act like exploration ventures --- they expeditiously develop portfolios of prospects and drill the holes. I don't think AIPN has made any serious effort to drill an exploratory hole in years. The gas well in Kazakhstan was in no way a serious exploratory activity and does NOT count IMO.

I also beg to differ with characterizing AIPN as entrepreneurial; when I think of entrepreneurs, I think of a Gordon Moore, a Steve Jobs etc who develop ideas and innovative business models and create wealth -- not the GF's of the world whose schemes and whose business model seems to be focussed on gaining wealth for himself and friends at the expense of stockholders
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