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


To: Rick who wrote (10268)5/21/1999 7:58:00 PM
From: Taylor Mill  Respond to of 11888
 
Rick

"...Hostage Long..."

I like that .... a new "name" for the disgruntled longs:

"HOSTAGES"

We see quite a few these days.

All hostages should come out to the barnyard with the lambs, sheep, chickens, pigs, foxes et al. Beware about da stubborn mule down swimmin in da Nile --- he's just a hostage in training .



To: Rick who wrote (10268)5/21/1999 9:33:00 PM
From: DEER HUNTER  Read Replies (2) | Respond to of 11888
 
I'll just lay this one on out there for everyone to see...... what this is...is shark bait.... sooooo... I'll just let 'DARTH' Razor and his merry band of lieutenants have a field day with it...... it's inevitable...so lets just get it over with.

The additional 100 million shares of Common Stock to be authorized
would
provide the Board with flexibility for future financial and capital
requirements, for acquisitions, to facilitate efforts to obtain a strategic
partner and financing for projects in Kazakstan and other desirable
locations,
and to facilitate the growth and expansion of the Company. The additional
shares also would be available for stock options and other employee benefit
plans, for stock splits and dividends, and for issuance upon conversion of
its
outstanding convertible debt securities. The Company does not currently
have
any plans, agreements or commitments or understandings for the issuance of
additional shares of Common Stock, except upon exercise of outstanding
warrants
and options, pursuant to employee benefit plans, or upon conversion of
outstanding debt securities. Depending on the circumstances, issuance of
additional shares of Common Stock could affect the existing holders of
shares
by diluting the voting power of the outstanding shares. The shareholders do
not
have preemptive rights under the Articles of Incorporation and will not
have
such rights with respect to the additional authorized shares of Common
Stock.

Although the Company's Board of Directors does not consider the
proposed
amendment to the Company's Articles of Incorporation to be an antitakeover
proposal, the ability to issue additional shares of Common Stock could also
be
used to discourage hostile takeover attempts of the Company. Among other
things, the additional shares could be privately placed thereby diluting
the
stock ownership of persons seeking to obtain control of the Company, or the
Board could adopt a stockholders' rights plan that would provide for the
issuance of additional shares of Common stock in the event of certain
purchases
not approved by the Board of Directors.

Although the Board of Directors has no current plans to propose
measures
to the Company's stockholders that may have the effect of discouraging
takeovers, such measures may be proposed if warranted from time to time in
the
judgment of the Board of Directors. In addition, the Board of Directors
may,
from time to time, adopt other measures or enter into agreements that could
have the effect of discouraging takeovers, but that do not require
stockholder
approval.

Approval of this amendment to the Articles of Incorporation requires
approval by a majority of the outstanding shares of Common Stock entitled
to
vote thereon. As a result, any shares not voted (whether by abstention,
broker
non-vote or otherwise) will have the same effect as a vote against the
proposal.

dh

ps..... I know one thing for certain...I don't fear a hostile takeover of this company.... that was a doozy I must admit. whew!!!