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

To: DRRISK who wrote (8859)	7/3/1998 12:20:00 PM
From: taxikid	Read Replies (1) \| Respond to of 11888

while waiting for your ship, or in aipn's case, TANKER to come in, please purchase ch5794-2 various artists EVERBODY WANTS SOME, a very bizarre, yet muzak, somehow jazz, or lite fm version of Van Halen, that puts a lethargic yet floydesque spin on the music. while listening to this i read your post. while not dismissing anything, the "banana" like state of KAz and the "medieval" state of china. (i suggest sun tsu's art of war) One can get the sinking feeling that junk bonds may not be the way out, just another sandbag to weigh the potential down. as unfortunate as it may turn out to be, i still hold my shares, for lack of wanting a loss, and for the simple fact that i have lost more than i have invested in aipn in a hand of blackjack. for those that don't have that minimal interest as i have, it may be time play with this stock. regards, taxi btw i got three reservations for towncars.com, we will be profitable before amzn is.

To: DRRISK who wrote (8859)	7/3/1998 5:56:00 PM
From: Daniel P. Dwyer	Read Replies (3) \| Respond to of 11888

I have one agreement, one disagreement with your post and one question about your post. First, I agree that short term AIPN is in a squeeze. If they get the conventional financing, they can work themselves out of it. Both the refinery, the discovery of additional gas in addition to the asphalt and Kazakstan markets all bode well for our little oil company going forward. Where I disagree with you is in the macro area. I do not see any reason for Asia not to continue its downward spiral for at least another five years and perhaps as much as ten to fifteen years. Japan has been in a recession for five years, and no matter what they do, they will not be able to dig themselves out of their economic and currency mess. The current changes in their financial structure are laughable. Tax breaks will only be saved and not spent. If you increased the average Japanese citizen's salary by 100%, they would save 99% of it. The Japanese are scared. Asians are scared, because of Japan does not pull them out, they will be left to their own devices, which are minimal. China may yet be forced to devalue. If they do, you are talking about Asian wide depression that will last a generation. So, forget about macroeconomics helping out any company. I will admit the China card and their need for cleaner burning fuels is an attractive demand factor, but one that can easily be filled by either Russia or the majors. A more attractive demand factor is the Kazaks themselves. Now, where in your last post I would like you to expand is your criticism of Dennis Fitzpatrick. First, let me tell you that I do not know the man, have never talked with him and have no interest in whether he retains his job or not. If he is in fact incompetent, then he should be fired. If that is the case, then GF and the board of directors should be fired, because they haven't fired him yet for whatever he did or did not do. Please do not bring up the argument that he allowed this rapacious financing with the Hunts. Considering their state and the timing (or mistiming) of their operations, I do not know what other recourse the company had with respect to their financing. Perhaps, they should have dawdled a little further in Kazakstan, and saved their money, since they are about six months ahead of schedule with respect to their concession agreement. If you can tell me that Fitzpatrick punched some wall street types out and is looked upon as a pariah (distinct from the company in its current condition), then fine. But I would not like to see a few hundred calls made to the company for Fitzpatrick's head, just because we need someone to blame for why the stock has plummeted. That to me is an infantile attitude. Having read all of your posts over the last year, I am sure that that is not where you are coming from. So, please tell me precisely, chapter and verse if you will, why you want this man's head and why you think sacking him will be like sacking the poor dumb manager because his team isn't hitting? Dan Dwyer