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


To: DRRISK who wrote (5826)12/13/1997 7:26:00 PM
From: Sycamore  Read Replies (2) | Respond to of 11888
 
"<<IMHO, in the bank that could spark the stock if they need to.>> Dr. Risk, I agree, that's exactly my point. Everything that you've said makes perfect sense to me. But just wondering if AIPC thinks it's fair to sit on those important news, especially the WaveTech report assuming that it's ready, while shareholders guess, wait and watch their stock value declines. Just don't see any good reason why the company should sit on them.

Unfortunately, until a very solid news hits the wire the stock could perchance deteriorate further. It appears to need something more concrete to stabilize and form a base above 5. IMHO, the WaveTech report could may as well be that magic trick needed for it to move up steadily while the JV negotiation is yet to be concluded. Perhaps, you will also agree with me that the sooner the stock solidifies above 5, the better for all of us. We need the istitutional money to start flowing in right now.

I also concur with your assumption that the number coming out from Wavetech could possibly be large. Large enough to prompt the company to send two new groups of experts to gather additional information for further seismic analysis. No doubt, this collaborative effort when completed could only add credibility to the existing report claiming the presence and abundance of oil in the area and at the same time increase the likelihood of probable oil reserve numbers resulting into a more lucrative JV deal(s).

In my humble opinion, just thought the stock loses direction and may need a doze of "Prozac" to find its way back. That's all.

Still long and very confident. sycamore

P.S. If it would be of any value, my brother had a long discussion with a Merryl Lynch manager broker in Minnesota yesterday who watches and talks about AIPN to his colleagues at work, but was still waiting for something concrete before committing any serious funds.