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

To: DRRISK who wrote (8623)	5/18/1998 11:00:00 AM
From: Darren	Read Replies (1) \| Respond to of 11888

You're a madman!

To: DRRISK who wrote (8623)	5/18/1998 7:47:00 PM
From: Ken Wesley	Read Replies (1) \| Respond to of 11888

Looking back at the warrant situation. Why didn't AIPN structure the terms of the warrants similar to IFLYW. Do you think they would have gotten the money. I realize it's water over the dam now but just a thought Aipn may have gotten the conversion money had they would have had terms allowing them to convert the warrants if they traded over 6 for 7 of 10 trading days. Terms of IFLYW >>From 10K>>>Each Warrant entitles the holder to purchase one share of Common Stock at a price of $6.25 per share during the five-year period commencing on January 15, 1998. The Warrants are redeemable by the Company for $.05 per Warrant on not less than 30 nor more than 60 days written notice if the closing price for the Common Stock for seven trading days during a 10 consecutive trading day period ending not more than 15 days prior to the date that the notice of redemption is mailed equals or exceeds $10.00 per share, subject to adjustment under certain circumstances and provided there is then a current effective registration statement under the Securities Act of 1933, as amended, with respect to the issuance and sale of Common Stock upon the exercise of the Warrants. Any redemption of the Warrants during the one-year period commencing on January 13,1998 will require the written consent of First London Securities Corporation.<<<