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

To: taxikid who wrote (5545)	12/2/1997 3:24:00 PM
From: DRRISK	Read Replies (1) \| Respond to of 11888

Taxi, Please hold to your agreement. You hypocrite if you don't like my posts stick it. You are in need of Prozac. DrRisk

To: taxikid who wrote (5545)	12/2/1997 4:10:00 PM
From: Juan Dominguez	Read Replies (1) \| Respond to of 11888

Taxi, why do you hate when others make an opinion? The good doctor was only making an opinion on what he thinks the refinery is worth. He said he thinks its worth $2-3/share. I think its worth $1.50-2/share. Keith Bossey, the Robert Cohen & Co. analyst that follows AIPN thinks the refinery is worth $1.80/share. Here is a quote from Mr. Bossey's report: The report was written July 23rd when AIPN was trading at $2.25/share: "Without the benefit of the exploration business, the refinery business in and of itself can justify today's price. Using the industry average 2.48 price/sales ratio and applying it to 1998 estimated revenues of $30 million, we arrive at a price of $1.80. While we certainly are not buying AIPN for its refining business, it provides us with somewhat of a confortable base off of which we can speculate" Regards Juan