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

To: MARIO PASQUA who wrote (5331)	11/25/1997 1:23:00 AM
From: taxikid	Read Replies (1) \| Respond to of 11888

how about just buying the common and then waiting for marginability then use 50% of your buying power to buy more stock?or warrants. simple math works best- taxi

To: MARIO PASQUA who wrote (5331)	11/25/1997 7:29:00 AM
From: BWnDallas	Read Replies (1) \| Respond to of 11888

Note that the warrants are callable as follows: "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..." That word average is very significant. You cannot just count the number of days the stock closes above 8. Its the 20 trading day average that is sufficient. Take a look at MVSI for a recent example of how all this warrant stuff plays out. It seems to me that the recent registration is a clear signal that the company believes that the average price will likely go above the $8 figure soon and prior to the warrant expiration next March. This is very good news all around. The funds from the warrants (and just the prospect of the funds) will then allow AIPN to get an even better deal with a partner and hold out longer if need be. BW

To: MARIO PASQUA who wrote (5331)	11/25/1997 9:19:00 AM
From: Sycamore	Read Replies (1) \| Respond to of 11888

SO.. If we take the 7.3 Bil Bar of potential oil and use the normal price for potential reserves at .50 per barrel and multiply that time "<<7.3 barrels ... we have 3.6 Billion Dollars valuation...but we have all heard that AIPN turn down that first offer of around .50 and other offers maybe in the range of .75- $1.00 -But since we won't even approach GREAT RESULTS for the sake of this exercise...just take the $3.6Bil valuation and divide it by the 54Mil shares and the per share price valuation is $66.00!! -And thats a figure arrived at only .50 a barrel and only one buyer taking all the site..... -Now we know we have more sites and one has tremendous potential..and possible more than one buyer...so you see where GREAT can lead you...>>" Mario, You know my position on the stock, I love this baby! But, I think the numbers above may be too high. It assumes that everything will happen 100%. What about the discount for recovery rate? Bare in mind too that AIPN owns only 70% of the concession. For me at least I'd like to believe that $20-$30 is a reasonable expectation, 1-4 months from now. P.S. I know those numbers came from somebody else but hey, if it happens, again, you won't hear me complaining.