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

To: DRRISK who wrote (9661)	4/3/1999 2:29:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 11888

Counterpoints <<With all due respect the run in 1997 was related to [1] oil at $20/bbl, [2] evidence of a real JV to develop the Kaz concession and [3] fewer shares in the hopper.>> 1) Oil at $20/bbl... Fact: May-1999 crude oil on the NYMEX closed at $16.43/bbl on Thursday. That's approximately 82% of the $20/bbl level you referenced, yet the stock price languishes at $0.81/share, a meager 11% of its Oct-1997 peak of approximately $7/share, or 18% of the <<$4-5>> that you acknowledge the share price was at <<for a very long time>>. 2) Evidence of a real JV to develop the Kaz concession... Fact: Everyone on this thread has been awaiting hard evidence of a real JV for one and a half years now, but I'm speaking up like the guy from Missouri... Please show me. 3) Fewer shares in the hopper... Fact: Shares outstanding on November 5, 1997 were 48.3 million, and shares outstanding on March 29, 1999 were 66.2 million, which represents 37% dilution. (48.3/66.2) X $7/share = $5.10/share, which is 630% higher than the closing price on Thursday. Razor