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

To: Sycamore who wrote (6186)	1/4/1998 3:50:00 PM
From: albertc	Read Replies (1) \| Respond to of 11888

Your answers to PJy's questions about the warrants are very informative. However, I think there is another scenario that is to extend the exercise dead line. As you said in your response that if all the warrants to be exercised at $4.00 a shear the company will have $24,000,000 immdiate working revenue. On the other hand if none of the warrant is excercised due to low common stock value, like any thing under $5.75 a share, then the AIPC gets nothing. And this is the reason why they also set $8.00 a share of common stock when they can call the warrants.So the logic is they will extend the dead line to a point that the common stock reaches $8.00 or higher. Therefore, I do not see any higher risk as you indicated in your scenario #2. I have talked with Mill people a couple of times, they told me that AIPC had the right to extend the warrant exercise dead line as they wish. Correct me if I am wrong. Thanks.