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


To: DRRISK who wrote (9390)1/6/1999 3:29:00 PM
From: Daniel P. Dwyer  Read Replies (1) | Respond to of 11888
 
Dear Dr.,

Explain the last sentence of the post that I responded to:

"This is what makes markets like it or not, it is what it is, accept the reality and don't miss the opportunity. Remember that you will loose every penny that you put into this stock and if you are investing your life fortune you need to have a lobotomy first."

On the one hand you are saying the stock is so cheap that if you don't buy it you are missing the opportunity. On the other hand you will lose every penny that you put into this stock, etc. Did I miss something in the translation?

If that is not crazy, I do not know what is. What are you trying to say? Are you trying to be poetic? Are you trying to say invest in this stock, but don't bet the ranch or your last dollar. I would agree, if that is your message. Unfortunately, it is not very clear, and comes off...well crazy.

Speaking about crazy, your monomaniacal, Captain Ahab like craze to get rid of the current CFO Fitzpatrick continues to lack cohesion. I had asked you on a previous occasion to explain your tirade against this man and against George Faris. I might agree with you that GF shoud step down as CEO, retain the Chair and bring in a real oil man to head up the day to day activity of the company. But to fire Fitzpatrick I believe would sow ill will in a team that seems to be fairly tight, Chew, Olivier et al. "Heh, if the company can fire Fitz because Dr. Risk does not like him, then may be it will fire me."

You have argued that Fitz should not have allowed Faris to accept the current financing, from which the company is trying to extricate itself. What were the alternatives? Some have suggested that a deal with the warrant holders would have been much better for the company. That is hypothetical. Any deal with them would have ended up in the same spiral with possibly less money into the company's coffers.

The primary obligation of this company is to keep alive until they have their ducks in a row and until market conditions become more favorable, especially the price of oil, which you seem to dismiss. If the price of oil were $20 per barrel today, you can believe that the possibility of a joint venture partner coming to the table by now would increase enormously.

BTW, what this about ISLD and NITE? Huh? What's the price of eggs in China? You smell short covering. I smell a wet towel not wrapped too tight. FWIW.

Dan Dwyer



To: DRRISK who wrote (9390)1/6/1999 6:25:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 11888
 
Dr Risk, I am not sure I understand your thesis that short covering is imminent. I see only 32,000 shares short in AIPN and that is down from a low of 65,000 three month ago.

Can you explain where are the rest of the short? Are these "undeclared shorts".

Zeev