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

To: Jibacoa who wrote (8572)	5/10/1998 9:58:00 PM
From: Sycamore	Respond to of 11888

Jibacoa, The $2.50 area seems to be the next level of support from here. Possibly factoring into the price the dilutive effect of the debentures while the market waits for some real news. So won't be surprised to see if it test it again. IMHO Bossey's research report on the company with a 12 month target of $10 should remind people of the enormous potential and should therefore provide support to the stock price as well. With the installation of a new and more credible PR firm, AIPC's confirmed association with the Hunts, the conclusion of the Russian deal forthcoming, some refinery contracts in the works, new updated seismic data for Begesh and Chicuduk due out soon, coupled with potential JV announcements and the possibility of obtaining some sort of traditional financing, etc., the future looks promising from here onward. Pledging the refinery business being appraised for a market value of $86 million as collateral, don't see any reason why we should have problem securing a straight forward Bank financing. All things considered, I'd like to think that if the smart monies are paying attention, it's just a matter of time before we go a lot higher from here. IMHO this is not the time to be out of the stock. Any big move could occur any day. It would be a volatile ride for sure but what's most important is where the stock goes when the time to cash in the chips comes. My guess is as AIPC's fundamentals solidify and begin to attract real investors and institutional followings the $2-$3 share price will be a thing of the past. Finally, from reading the Bossey's report it appears that some major news could possibly be announced this week and next. regards, sycamore