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

To: anyer who wrote (5316)	11/24/1997 8:24:00 PM
From: MARIO PASQUA	Read Replies (1) \| Respond to of 11888

anier, You are correct. CLASS A WARRANT Each Class A Warrant entitles the holder thereof to purchase one share ofthe Company's Common Stock through March 1, 1998 at an exercise price of $4.00. The Class A Warrants may be redeemed by the Company at any time prior to March 1, 1998 upon 15 days prior written notice, at a price of $.01 per Class A Warrant, provided that the average clsoing price of the Company's Common Stock shall have been at least $8.00 per share (200% of the exercise price of the Class A Warrants) for the 20 consecutive trading days prior to the notice of redemption and the Company has a current prospectus to permit exercise of the Class A Warrants. The Class A Warrants contain certain provisions that protect the holders thereof against dilution. The exercise price and the number of shares of Common Stock or other securities issuable upon exercise of the Class A Warrants are subject to, dividends (excluding cash dividends), splits, reclassifications, recapitalizations, reorganizations, mergers or consolidations of the Company. The Class A Warrants may be exercised upon surrender of the Class A Warrant certificate on or prior to the expiration form on the reverse side of the Class A Warrant certificate completed and executed as indicated, accompanied by full payment of the exercise price (by check payable to the Company) for the number of Class A Warrants being exercised. The Warrantholders do not have the right or privileges of holders of Common Stock.

To: anyer who wrote (5316)	11/24/1997 9:16:00 PM
From: Sycamore	Read Replies (1) \| Respond to of 11888

Anyer, Yes, your are right. There is a descrepancy there. The filing says 20 and Bossey says 15 days. I'll go with the filing. Anyway, you would want to convert or sell your warrants before the company have a chance to call them, otherwise you lose. Actually, the company can call them after 35 days (20+15 days). Provided the stock traded above 8 for 20 days. I agree if the the rumor is true we have at a minimum $15.00 stock right away. However, I don't think Bossey considered that (one BIL) yet in his conservative prediction or short term target of $10.00. This is still the old number (very conservative) that he uses. He didn't adjust it. Once we have a clearer idea on what WaveTech Analysis has (it may be a lot larger estimate) and what the JV agreement is going to be liked, I'm sure he'll adjust that. Also, 15% recovery rate is very conservative. Let's see what Qdoq has to say. regards, sycamore