American International Petroleum Corp Message Board

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Gold/Mining/Energy : American International Petroleum Corp

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To: Ray who wrote (10295)	5/22/1999 2:02:00 PM
From: Rick	Read Replies (1) of 11888

The reason the Hunts and Paladin haven't converted is due to the fact they will exceed 19.9% ownership on conversion, an event that requires shareholder approval. After the meeting IMO and the approval, again IMO the shareholders will grant, the Hunts will sell off their shares. Once Paladin is able to convert and sell, IMO they will do so as soon as possible. AIPN certs are Georges preferred currency. HE GETS HIS MONEY FOR FREE! Why would anyone want to WORK OR ACUTALLY PERFORM, when you get your money for nothing. Read the filings, everything able to be paid for in certs is. Another 100 million shares to play with is hardly a non-event IMO. It is a pure slap in the face of shareholders. Frankly I'm surprised the rose-colored glasses crowd hasn't yet suggested this increase is needed for a stock split or a dividend payment to suffering longs.

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