Hostile takeover, to even mention it is a joke. Nothing but fodder for the rose colored glasses crowd, another dot with no connection. Kinda like the warrants for the Hunts to be exercised at $6.25 a share, like that would ever happen, but made a bunch of dot connectors think WOW the Hunts are gonna be in at $6.25. All this filing and proxy is, is a way for George Faris and cronies to finance their paychecks on the back of shareholders without ever having to actually perform. By increasing the outstanding it allows AIPC to continue to use debenture financing as the prefered financing method. It also shows the market and the shareholders that AIPC really has no intention of becoming a profitable going concern. As long as they can spin a story and lure in "liquidity" for the debenture financing, George and company continue to get paid. This won't last very long, IMO. The current story isn't strong enough to handle another 30 million plus (just bringing it to the current outstanding authorized) shares brought to market while maintaining a bid price of $1.00. IMO if shareholders approve this, and IMO they will, a reverse split or delisting will occur this year.
If by some miraculous act, the shareholders voted no to the authorization of the increased shares, the Hunts, Paladin and AIPC would be forced to hammer out a new agreement, or even better the AIPC management might have to act fiduarily responsible and generate operating income, cut bloated salaries, reduce excessive office space and pay their debts with US Dollars instead of AIPN Stock Certificates. |
