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

To: Razorbak who wrote (9635)	4/1/1999 4:42:00 PM
From: TerriB	Respond to of 11888

From the mgmt discussion part: The Company recently retained a major investment banking firm to assist it in locating a joint venture partner and financing for its Kazakstan concessions. Depending on the timing and success of this process, the Company intends to be very conservative with its expenditures overseas during 1999. As of March 1999, the Company's existing working capital was insufficient to provide it with all of the capital it may require to complete its minimum work program for 1999. However, the Company believes it can obtain a deferral of these minimum requirements. If it is unable to obtain the necessary financing to meet these requirements or if it is unable to obtain a deferral thereof, certain projects, expansions and other activities in Kazakstan could be delayed or cancelled.

To: Razorbak who wrote (9635)	4/1/1999 8:39:00 PM
From: DRRISK	Read Replies (2) \| Respond to of 11888

Razor, Would you do your Altman calculation on these numbers for the hell of it? TIA? DrRisk

To: Razorbak who wrote (9635)	4/1/1999 11:21:00 PM
From: Ray	Read Replies (2) \| Respond to of 11888

Stripping away all the typically verbose, overly-cautionary statements by the auditors (as well as the other caveats normal to SEC filings), all that is really said is that if the company fails in its plans for the next year, it will fail. Well, Geeeee Whiiiizzzzz! There it all is - all we need to know for our decisions about AIPN! We are all indebted to you Razor for pointing us to where all the answers lie. Thanks so much. In point of fact, such statements in SEC filings are simply standard for all but established, non-risky companies - and SEC docs even for such staid companies are laced with some cautionary statements and disclaimers. We all know AIPN is risky. So what? We are investing in a known risky company because of the potential large rewards if success is achieved. We all need to arrive at our own estimates of just what the risk/reward ratio is. And, SEC documents, IMO, are seldom of much help in this regard as they are so hugely burdened by a the need to cover the company's ass from ANY REMOTELY POSSIBLE lawsuit that they are not very useful for realistic estimates. I think you know this - so why are you trying to scare those who may not have read many SEC docs and are startled or genuinely worried by the more-or-less stock disclaimers and cautionary warnings? Are you really surprised at the statements in the subject SEC filing - or are you just following a personal but not stated agenda?