Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Marty B who wrote (8182)	4/6/1998 1:56:00 PM
From: Daniel P. Dwyer	Respond to of 11888

No particulars were given on the $52 million line of credit, except to say that it cannot be withdrawn all at once, and only on a 20 day cycle. Also, April 20 is first draw. Yes, there will be dilution, but there would have been dilution with the warrant deal anyway. I am not suggesting that this is better than had the warrants been exercised, but that was hypothetical and the line of credit is real. George et al were very upbeat. Stock should trade around the warrant strike price for the next few days. Once the warrants are behind us, then we will see how confident current and prospective shareholders are about the company's prospects.