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

To: Laserbones who wrote (6522)	1/7/1998 5:15:00 PM
From: DRRISK	Read Replies (1) \| Respond to of 11888

Greg, <<<<<<Adding this to the earlier rounds of the same type of financing, there's potentially a large chunk of shares--over 10% of total currently out if I've done my math right--that might get dumped on the market. If the Chikuduk data is released in the next few weeks and the stock makes a nice jump above 8, shareholders must be concerned about this.>>>>>>>>> It is my understanding that the other financing vehicle was closed from the Hunts in lieu of this one and that if conversion should occur it is 1,600,000+/- (excluding the options) shares at $6.25 after 2/23/98 if shares are $8.33. That would not upset me because the previous financing vehicles would have been far more dilutive then the 5%(including the options) that this vehicle would be. You are not looking at where this company has come from and the long haul for WS credibility it has made. The Refinery business is important to complete this loop. If the rumored Banker emerges it will be in this area. They will be around to secure themselves and shareholders from dilution that is unnecessary. I think worse case that conversion is not terrible and I doubt that it will occur on unfavorable terms to shareholder. The debt financing I think is possible and will be justified from possible acquisitions that a banker would back as a real business not just the Kasak speculation play. I believe that this is a sensible approach. It is for this reason I wonder about the dynamics of the Asphalt business. Everyone turns their nose up at the Refinery but to me it is crediblity and a bankable asset especially if they leverage the Kasak play to become a bigger player in the business. DrRisk I believe

To: Laserbones who wrote (6522)	1/7/1998 5:53:00 PM
From: Ken Wesley	Read Replies (1) \| Respond to of 11888

Where did you get this news? I appreciate the fact that you backed up your opinion with some facts. It's much easier to follow your thinking when you do this. It looks like some big things need to happen over the next few months in line with the financing that is in place. To understand how bad Kazakstan's environmental problem is you might want to check: search.washingtonpost.com Did any of this take place near what is now the aipn concession? Ken W