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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: Winston Kim who wrote (4825)	11/7/1997 6:58:00 PM
From: Laserbones	Read Replies (1) \| Respond to of 11888

That was an awful 3Q report. Revenues were $104,000 for the quarter? And now they are also getting killed with interest payments. There was nothing positive in the report. It was completely negative and clearly demonstrates why it was released today. The co is hoping that the weekend will act as a buffer. I see this stock dropping, significantly, on Monday--that is just IMO. But since I'm in for the long haul I'll just bat an eye. AIPN is not in a strong bargaining position--even with the latest inhouse financing. I just can't see anyone signing a large JV with this co until there's wells with confirmed quants. My own opinion, which everyone can just ignore, is that any JV is 3 to 5 months away. I'm sure cash won't be much of a problem during this period because the co can always issue more shares and convertible notes. Hey, they should make some cash with the asphalt business. So at least we don't have to worry about the co going under. Hang in everyone, patience, patience, patience. Greg