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Begesh. Sorry to see you loosing your temper. Not very mature on your part. I dont understand why you cant find something original and you have to copy the posts of others to support your position. Do you have any thoughts of your own or do you just follow all the other little sheep? Guess we know the answer to that dont we.
Once again not your work. Dont YOU have an original thought or do you just follow tyhe lead like all good little sheep?
CANT YOU POST SOMETHING OF YOUR OWN. DO YOU ALWAYS HAVE TO COPY OTHER PEOPLES POSTS. NOT VERY IMPRESSIVE ON YOUR PART. NOT VERY SMART EITHER
SORRY YOU ARE LOOSING YOUR TEMPER. SEEMS EVERY TIME YOU ARE PROVEN WRONG YOU RESPOND BY ATTACKING. VERY IMMATURE.
And this,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53458
By: Sniper67 $$$$$
27 Aug 2002, 07:48 PM EDT Msg. 53458 of 53473
(This msg. is a reply to 53452 by chikuduk.)
CHIKUDUK:
What about the other two pieces of news?
SNIPER
"AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
GoferWUSS, don't forget about this,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53452
By: chikuduk $$$$
27 Aug 2002, 07:32 PM EDT Msg. 53452 of 53475
***** GET READY TO RUMBLE *****
The sorry $$$ bashers are moving in on DOC...
They can't handle the stock price moving up...
THIS IS AN ALL OUT WAR......SHORTS AGAINST THE LONGS.
NEWS IS PENDING!!!
AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
GoferWUSS, you have provvved nothing!!! Back off on the meds man, you are living in a dream world. You make up accusations and then talk as if they are proved. You are a grade A lunatic as well as a wuss. Go bask to www.wuss.com the club of losers that is where you belong. Grow up and move on. Keep your investment tips to yourself I would quickly sell anything you recommend. You have no credibility as an investor you can't even think straight you are a wuss!!!
By the way, AIPN down again today. In the future if you can be polite and respectfull I will give you the name of two companies that are going to make big moves in the near future.
Where did you get your MBA? You dont move away from one deal till it is completed and signed. That has not been done yet with the refinery so you dont move on till it is done. Next. They have been working on the KAZ deal for how long now? I seem to remember the KAZ deal when I first got involved in AIPN some four and a half to five years ago, maybe more. Are you trying to tell me now that it has taken five years to complete that deal. Do you happen to remember all the posts that were made when they first drilled in KAZ reopening old wells only to find nothing. Everyone said that was such a mistake that they should have drilled their own well. I am not saying that there are not valuable assets over there. There most likely are. Finish one deal then move on. As for Kaz. AIPN does not have the resources to drill there and should have been looking for a partner over there years ago but did not. They have dilluted this company to the point now where they cannot issue more stock necessary to do the drilling. On the issue of calling you an idiot. You brought that on yourself. Never open your mouth unless you are able to back up what you have to say. I was not the one making all those predictions, you were. The point is that none of them have come true and that is why you look like an idiot for having made those comments. Now you are making another prediction if I am reading you right. That is you and the boys over at investingdd.com. That prediction concerns KAZ. Exactly what is it that you are predictiong for KAZ. Lets put it down on paper (this post) and see a week from now, no a month from now, or maybe six months from now and see if you can or willbe correct then. Today is 9/18/02 so we can keep track. I will go out on a limb and make two predictions here and now and you can refer back to them and then call me an idiot for making them if I am wrong. 1. Your predictions about Kaz. will not come true ( unless and only ) if AIPN sells off a major portion of its holdings and takes a small % from the other company. 2. That AIPN will cease to exist six months from now unless one or two things happen. One they are bought out which I do not see or two, they somehow get a partner to do the work for them and that will cost AIPN a major share of its assets. There, we have both predicted and now lets see who is more accurate. By the way isnt it so much nicer to discusss things like and adult and have you stop calling me a wuss. Shows little class on your part.
Gofler, attention is moving away from the refinery deals as they get closer to completion and then attention will turn to to 953 and 1551 in Kazakstan. I am as optimistic as I've ever been and evrything I said before is still true and even more so now, like,
"one day closer every day untill AIPN gets 1,2 or 3 big deals"
aand my other comments.
you recently called me idiot and there are others.........
Here is some more good information from rb,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56039
By: carefulinvestor
17 Sep 2002, 09:33 AM EDT Msg. 56039 of 56176
(This msg. is a reply to 56033 by chikuduk.)
chikuduk: Wise move by Hurricane, as Kazakhstan is the land of the future for oil and gas companies!
THINK 1551!
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=54565
FWIW & IMO
"Hurricane Hydrocarbons has no intention of getting out of Kazakhstan and is, in fact, looking for ways to expand in the central Asian country, Hurricane's chief financial officer said."
---
$$$$$$$ 1555... AIPN SEC FILINGS $$$$$$$
1551, proven reserves, third party gas, 250 million cubic feet of gas per day...
License 1551
In February 1999, we were officially notified by the Kazakhstan
government's State Investment Committee that we had won the tender for the
Shagyrly-Shomyshty gas field in western Kazakhstan and entered into a
license agreement with the Kazakhstan government for 100% ownership of the
Shagyrly, a 30-year agreement with effect from August 31, 1999. Fifty-eight
of the sixty-nine gas wells drilled by the Soviet Union in the 1960s to
delineate the 264,000-acre gas field were tested and found to have
commercial gas by the regional development authorities. In 1994, the field
was declared to have commercial gas reserves by the Kazakhstan Ministry of
Oil and Gas Industry, who recommended the field for development. Our
drilling and production development plan involves developing and maintaining
daily gas production at 200 to 250 million cubic feet per day from the most
productive part of the field.
The development plan provides for the initial drilling of
approximately 100 horizontal wells, each with a horizontal extension of 1500
feet. Analysis of wells tested to date indicates that individual
horizontally drilled wells could achieve an average production rate
exceeding 6 million cubic feet per day. The ultimate field development
proposal involves use of modular, movable production process/compression
centers designed to filter, dehydrate, compress, and deliver a total of up
to approximately 250 million cubic feet of gas per day.
Ryder Scott Company, L.P., a Houston-based petroleum consulting firm,
reviewed our horizontal drilling and reservoir development studies
demonstrating significant recoverable gas reserves at Shagyrly and issued an
opinion letter stating that they are in general agreement with the estimates
and that the reserves were prepared in accordance with standard industry
procedures. The studies included horizontal well recovery analyses for
drainage of reservoir areas in the 640-1280 acre range, revised operational
plans for horizontal drilling, and detailed analyses of prior gas well
completions in the License 1551 area. A pilot development drilling program
is scheduled to be implemented to verify the horizontal drilling application
pending the consummation of a related gas sales contract. We are working to
conclude a gas sales contract with one or more gas purchasers for the sale
of Shagyrly gas, as well as the sale or transport of other gas we may want
to market, although we cannot assume that we will be successful in this
endeavor.
Our strategy includes developing shallow gas reserves in Shagyrly,
purchasing and transporting third party natural gas pursuant to our gas
sales contracts, and diversified pursuit of field development opportunities
in other selected countries and basins where perceived geological and
political risks are acceptable.
AIPN's S-1/A, August 26, 2002 (emphases added)
This is one of the reasons why JK is said to be traveling to Kaz this month (if he has not already left).
FWIW & IMO
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
If you mean a hypster you are correct. I left that out but will add it now. Yes I believe that you and others, including investingdd.com are working very hard to hype this stock. That still does not answer the question posed to you. What has happened to all of you predictions over these past many weeks? Not a single one of them has been proven to be correct or are you now willing to admit that you might be wrong in your ability to predict. You never heard me bash AIPN, only bash the management, which deserves it, and you and the other hypsters. When I posted answers to your predictions you said in effect that I was a jerk, no a WUSS. The fact remains that the refinery is not operating much to my dismay, there is and are not secheduled any oil deliveries again much to my dismay and now they are even admiting that they are turning their attention away from the refinery, again much to my dismay. Can you refute any of these statements? No!!. Now if you want to call this bashing then go ahead. These are the facts and you and your cromies cannot refute any of them. Now would you like to raise the level of this discussion to an adult one, something you have not been able to do then fine. If not then untill proven wrong I will support AIPN in the hopes that someday there are honest people who will run this company, that is if it does not go under by then and will continue to point out people like you who know not what they are talking about.
Gofer, you forgot to mention this inforamtion at http://www.investingdd.com and that you have also called me many namess,
carefulinvestor
Aug 26, 2002, 10:00 PM
Post #1 of 11 (409 views)
Copy Shortcut
Long term deal (with a large oil company) & expansion at the Lake Charles Refinery!
--------------------------------------------------------------------------------
The Company is currently negotiating a long-term transaction with a large oil company which would fully utilize the entire Lake Charles refining and asphalt facilities and provide it with the working capital necessary to support all of its domestic overhead and operations. ...
As operations at the Refinery expand during 2002, the Company plans, to the extent possible, to prudently obtain bank or other conventional, non-equity financing to replace its existing convertible debt and provide the supplemental funds necessary to support its operations and minimum work program in Kazakhstan.
From AIPN's S-1/A, August 26, 2002 (emphases added)
Just a few quotes from BEGESH (OTHERWISE KNOWN AS S.F.B.)
These are his posts dating back to 8/07/02 post number 100 if you would like to check. After reading these posts I leave it up to others to decide who is telling the truth and who the hypster is. By the way Begesh, just so you know, I was smart enough when AIPN hit $7 plus to take out ALL of my original investment so that I was playing with their money. And yes I am sorry I did not take it all out. But here are your posts so lets see how accurate you have been in the past four weeks.
post #100 8/7 " AIPN UP 14.6%" THAT CAME TO 1 cent
post #102 8/7 " one day closer every day untill AIPN gets 1,2 or 3 big deals"
post #104 8/8 " more optomistic than ever before"
post #110 8/13 he listed all the terms of the pending refinery deal. Funny how this deal has not yet been seen. as a matter of fact the company is now saying that they are going to focus on KAZ and not the refinery. Just so you know the refinery is still not operating.
post 116 8/16 "the best is yet to come" I certainly hope so since nothing postive has happened yet.
post 118 8/16 "i think AIPN is a good investment" Many people thought that about Enron, Tyco, Worldcome etc. Must be the same management and the same hypsers.
post 123 8/20 "this is the start of the turnaround" stock went down the next day
post 134 9/12 "AIPN assets may be coming into play" I dont really understand what that means but Bengesh would say that is a good thing.
Since then I have been called a WUSS by Bengesh. Fist I would like him to explain the meaning of that term. If it means that I have been suckered like so many others then yes he is correct. If he means that I have not listened to his valuable advice then again he is correct. As you can see his valuable advice had not been very valuable.
What I have said from the start is that the management of this company borders on the criminal for what they have done. If anyone can find fault with that statement then please do so. I have also stated that the hypsters and there are many, are also to blame for what is happening to this stock. If you or anyone else finds fault with that then please tell me why. Bengesh likes to call others names hoping that this will divert attention away from him and the other hypsters. Last time I saw that done was when I was in second or third grade and called others names that I did not like. I would have hoped that we have progressed a little since then.
In closing I will state again that I did not lose money onAIPN. I took out my original investment and was left with many shares that actually cost me nothing. What upsets me as well as many others is the fact that we have been lied to. If you (Bengesh) have no trouble sleeping at night when you lie to people and spread your false rumors than I give you credit. That is probably why the initals S.F.B is apprfopriate. The fact is there for everyone to see. Just go back and read your post and then read my posts and see who is telling the truth and who the liar is.
When and if you respond try to keep it on an adult level if you can.
When compared with this information,
from http://www.investingdd.com:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53759
By: carefulinvestor
29 Aug 2002, 12:39 PM EDT Msg. 53759 of 55470
(This msg. is a reply to 53727 by Sniper67.)
Sniper: Could this have to do with drilling Chikuduk?
If not, any hints?
"BTW, the "rumors" from Dr. Risk do not contain one of the events that Sniper is expecting. Maybe it is buried in there somewhere!" (emphases added).
BTW, Dr. Risk's "rumors" are now posted at:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53724
FWIW & IMO
---
By: chikuduk $$$$
27 Aug 2002, 07:32 PM EDT Msg. 53452 of 53475
***** GET READY TO RUMBLE *****
The sorry $$$ bashers are moving in on DOC...
They can't handle the stock price moving up...
THIS IS AN ALL OUT WAR......SHORTS AGAINST THE LONGS.
NEWS IS PENDING!!!
AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53452 (emphases added)
---
By: Sniper67 $$$$$
27 Aug 2002, 07:48 PM EDT Msg. 53458 of 53473
(This msg. is a reply to 53452 by chikuduk.)
CHIKUDUK:
What about the other two pieces of news?
SNIPER
"AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53458 (emphases in original post)
From: http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53479
---
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
http://www.investingdd.com
Re: [carefulinvestor] AIPN AND ####### WILL DRILL TWO DEEP TEST WELLS IN THE CHIKUDUK!!! [In reply to] Edit / Delete / Quote / Reply / Private Reply
--------------------------------------------------------------------------------
From RB this morning:
By: Sniper67 $$$$$
12 Sep 2002, 08:37 AM EDT Msg. 55426 of 55428
(This msg. is a reply to 55425 by carefulinvestor.)
CAREFUL: "Drilling Chikuduk" depends
of the success of JK in negotiating a deal in KAZ!
Irrespective of the entities here who might want to participate with AIPN!
Full post at: http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=55426 (emphases added)
This is an interesting comment,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56114
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By: seeds-by-size $$$$
18 Sep 2002, 03:10 AM EDT Msg. 56114 of 56141
(This msg. is a reply to 56105 by AmericanMoni.)
OT: Dear Americanmoni,
Here is something I have learned after posting for 30 months or more and that is if your CEO JK under a different handle came and posted on BB every detail about what AIPC was currently doing had done and is trying to do that the majority of the posters on this BB would not believe the details of the posting.
John Size
YOU ARE SOME KIND OF IDIOT. YOU KEEP PREDICTING AND KEEP LOOSING
Updates from http://www.investingdd.com
Re: [carefulinvestor] THINK.........................!!!!
--------------------------------------------------------------------------------
Interesting update from RB:
By: LITALI1245 $$$$
17 Sep 2002, 02:21 PM EDT Msg. 56060 of 56060
(This msg. is a reply to 56058 by mattiegirl0.) MATTIE
What you state is true and also history.--What do we have now?
What we have is a refinery deal to refine 1.8M bbls of crude starting in Q4 if not sooner.--Thereafter negotiate a longer term deal if all goes well.
What we have is almost $5M backlog of asphalt orders which we could start refining in a week or two with the raw asphalt stock on hand.
What we're waiting for is the big refinery deal that they were working on for almost one year and I say again-- maybe soon.
What we're waiting for is JK to go back to Kazkhstan to close any kind of deal.--Probably first week in October.--
which can likely mean the big refinery deal is really concluded with no dotting of the I's or crossing any more T's.
Lit
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56060
Re: [carefulinvestor] There is more happening within this little company... than just a refinery agreement
--------------------------------------------------------------------------------
And more from RB:
By: LITALI1245 $$$$
17 Sep 2002, 03:44 PM EDT Msg. 56067 of 56069
(This msg. is a reply to 56061 by mattiegirl0.) MATTIE
Again history!
I just pointed out what we have now.--Please reread my post.
As for JK going to Kaz last year.--He did! but nothing fruitful came out of the trip except for the fact that he had made contacts with some of the people he has negotiated with in his prior job and to oversee the ongoing negotiation with Gazprom and other potential interested parties.
To reiterate:
We have a small crude oil refining contract now that could become a big contract.
We have raw stock asphalt ready to be refined shortly.
We have about $5M backlog to fulfill.-Lit
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56067
Keep wussing.
I guess your are correct Begesh. Another nice move by AIPN today. Do you think it is gooing in the correct direction?
On Refinery from rb,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=55592
By: carefulinvestor
13 Sep 2002, 09:32 AM EDT Msg. 55592 of 55973
(This msg. is a reply to 55573 by Sniper67.)
*** REFINERY INFO... AIPN SEC FILINGS ***
(And remember AIPN is not bound legally by the many rumors [positive or negative], so-called "Dodge talks" [I wonder how many people actually call Dodge before they post? -- I've already caught some lying in this regard by calls to Dodge I've made myself to verify information], or what someone's neighbor said [what a joke!], that are anonymously posted on these boards; however, AIPN is bound legally [i.e. they are legally liable] based on what they write in their SEC filings).
"We are engaged in negotiations for a transaction that would put our
entire refining and asphalt facility in Lake Charles to work on a
long-term basis. The terms of this transaction have been agreed to (PAST TENSE!!!)
and implementation is contingent upon securitization of crude oil
purchase contracts and financing to support our purchase of crude oil
and asphalt feedstocks. Our management believes the anticipated cash
flows from this transaction are sufficient to support all of our
overhead and domestic operations during the transaction's five-year
term. It should also enhance our ability to refinance our existing
debt..."
(From AIPN's recent S-1, emphases added)
---
The Company is currently negotiating a long-term transaction with a
large oil company which would fully utilize the entire Lake
Charles refining and asphalt facilities and provide it with the working
capital necessary to support all of its domestic overhead and operations.
...
As operations at the Refinery expand during 2002, the Company plans,
to the extent possible, to prudently obtain bank or other conventional,
non-equity financin to replace its existing convertible debt and provide
the supplemental funds necessary to support its operations and minimum work
program in Kazakhstan.
From AIPN's S-1/A, August 26, 2002 (emphases added)
---
We recently signed a six-month term agreement with an independent
refiner whereby, beginning around September 1, 2002, we will process a
minimum of 1.8 million barrels of light Louisiana sweet crude oil through
the atmospheric distillation unit at our Lake Charles, Louisiana refinery
for a throughput fee. The agreement requires the refiner to make a
$350,000 cash deposit of prepaid processing fees, which will be amortized on
a pro rata basis during approximately the first three months of the
agreement. In addition, they will issue on our behalf a $2 million
irrevocable Standby Letter of Credit to guarantee payment of the processing
fees. We also gave the refiner a one-year Right of First Refusal to
purchase our Lakes Charles, Louisiana refinery. The refiner plans to retain
approximately 40% of the resultant processed products. We plan to purchase
and market the remainder to various third party purchasers, which are
plentiful in the Lake Charles area. We have signed a related Sales and
Purchase Agreement to govern these purchases and sales, the term of which
runs concurrently with the processing agreement.
The aggregate cash flows we expect to derive from these transactions are
anticipated to provide a significant portion of all of our operative cash
flow needs during the next six months. Thereafter, we expect to renew the
processing agreement for a longer term, replace it with another agreement,
or increase our processing capabilities at the Lake Charles facility
to allow us to simultaneously process through both the atmospheric unit and
the vacuum distillation unit for our own account or for third parties. We
have been approached by companies who have expressed a desire to process
through our refinery and provide capital for the facility expansion
necessary to enable this dual processing structure.
AIPN's August 19, 2002, 10-Q
---
FWIW & IMO
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
On 953/Begesh/Chikuduk
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=55887
By: carefulinvestor
16 Sep 2002, 09:39 AM EDT Msg. 55887 of 55972
(This msg. is a reply to 55884 by carefulinvestor.)
Interesting old story (on 953/Begesh/Chikuduk)... to be continued in the not too
distant future... notice the bold print section (see
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53759).
Source: NewsBase
US AIPC further new round of exploration work in Kazakhstan
08-08-00 New York-based American International Petroleum Corp (AIPC) said
that it planned to begin a new round of exploration work soon at the
concession known as License No. 953. AIPC holds a 70 % working interest in
this property, which covers 4.7 mm acres in north-western Kazakhstan and
includes the Chikuduk gas deposit.
The company said earlier this year that it had decided to focus its efforts
in Kazakhstan on Shagyrly-Shomyshty (also known as License No. 1551), a gas
field that was thought to be more promising than Chikuduk. However, AIPC has
decided to take another look at License No. 953 after reviewing the findings
of independent petroleum engineering consultants.
The consultants conducted a review of electric well logs from the Begesh No.
1 shaft, which has been leaking light sweet crude oil ever since it was
drilled during the Soviet period. After the review, they suggested that the
company re-enter the well in order to test the upper Jurassic intervals of
the Begesh deposit, noting that oil had been found at those levels at the
Karakuduk field, located about 50 miles to the south-west of AIPC's
property.
The company drew up a revised drilling plan after hearing the consultants'
recommendations and will submit that program to the Kazakhstani government
for approval the press release said. Drilling work may begin soon after
Astana gives its approval as AIPC is in a position to use two rigs that are
already in the area, it said. The company added that exploitation of the
Begesh deposit would prove relatively easy as the Begesh No. 1 well was
located less than two miles from a major oil pipeline network.
According to an independent evaluation conducted earlier by Huddleston &
Co, License No. 953 contains 1.98 bn barrels of crude oil and 2.15 tcf of
natural gas, or 2.3 bn barrels of oil equivalent (boe). These figures do not
include reserve estimates for the Chikuduk field.
AIPC operates mostly in Kazakhstan but has also made efforts to acquire
rights to oil- and gas-bearing propertiesin Russia. It is also involved in
the refining, transportation and marketing of petroleum products in the
United States.
Emphases added.
FWIW & IMO
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
Gofer, my last post still applies and yo have convinced me of nothing expect that you are a wuss. Grow up and move on if you can't handle AIPN.
Golfer you are wrong again. Penny stocks are all about patience. I am more than willing to wait this one out also like some of those on other boards have written. Also sorry to hear that you were so greedy that you did not take a 1600% profit when you had the chance with AIPN. I guess that is why you are now blaming your own bad investment choices on AIPN and other posters. Well, Gofer you have no one to blame but yourself. AIPN could have made you a big profit just like I still expect it to do for me. Don't you think it is time you grew up and moverd on? You losers are all the same, the same old cccrying the blues and blaming others for your own mistakess. A sorry lot the whole bunch of you. BUt that does not change the fact that many others are still in a good position to pofit from AIPN and maybe we will even see bigger profits than you missed. Have you always been such a wuss, is that why you post at www.wuss.com aka the club board?
please excuse the typing errors in my previous post and the error in my math. 5 1/2 cents to 6 1/2 cents is 1 cent profit not a half. the pint was made though
You never heard me blame anyone other than yself for not getting out when I should have. I take full responsibility for that. That is not what I am talking about and did not get down in the gutter as you have done and started calling people names. If you would like to keep this on a civilized level then fine. If not then that is fione as well. Here are the facts.
1. for over five years now the management of this company has been releasing press release after press release stating that one contract or another has or will be signed in the not too distant future. answer: To date they have not come through on a single press release nor a single contract.
2. for over 5 years now this company has been issuing more and more stock and diluting the value of this company. It has gone from about 43 million shares to 200 million shares. answer: The only thing that has come from this dilution is greater salaries for the executives and more and more perks for them.
3. the value of this stock has gone from 43 cents to over 7 dollars and now is down to 5 cents. answer: what a way to increase share holder value, wouldnt you say
4. for the past several months MD and all have been stating that the contract is about to be signed and that the refinery is going to be going full tilt. answer: no contract has been signed, the refinery is not in operation and there are no oil deliveries or expected oil deliveries in the immediate future.
5. MD now states that they are going to concentrate their efforts on KAZ. answer: what about first opening up the refinery before you go off half way around the world to negotiate another contract. By the way you cant deliver on the first contract that you said that you were going to deliver.
Now if you would like to discuss this as an adult without throwing barbs then lets discuss this as adults.
As for the other boards that you are so fond of tauting. I assume you know whata taut is, if not go the the track and you will find out. They are full of people whjo hype this stock and when they say that they are making money off of it they are not telling the truth. I assume that you won a pencil and paper so do some of the math.
buy 100,000 share at 5 1/2 cents=$5500
sell 100,000 share at 6 1/2 cents (thats a profit of 1/2 cents) = thats a frofit of $500 less commissions
now that is assuming that you can sell 100,000 shares at one time and that when you start selling it does not force the price down to where you are now selling at a loss. by the way please check and you will see that there have not been blocks of trades in that range. Now if you are willing to put up $5500 to make $500 (speculation) then you are not as bright as you claim to be.
Lastly: All your good friends over on the other boards who are pushing this stock. Nice company you keep. And exactly what BOILER ROOM have you been working in?
There are some no many honest people who have been hurt by the works of people who are running this company and hypsters who have been posting on the other boards. It is too bad that something can not be done and will not be done to them. Here is a list of some HONORABLE COMPANIES that AIPN should be put together with. Along with your friends from the other boards:
ENRON
TYCO
WORLDCOM
Shall I continue the list?
Golfer you are wrong again. Penny stocks are all about patience. I am more than willing to wait this one out also like some of those on other boards have written. Also sorry to hear that you were so greedy that you did not take a 1600% profit when you had the chance with AIPN. I guess that is why you are now blaming your own bad investment choices on AIPN and other posters. Well, Gofer you have no one to blame but yourself. AIPN could have made you a big profit just like I still expect it to do for me. Don't you think it is time you grew up and moverd on? You losers are all the same, the same old cccrying the blues and blaming others for your own mistakess. A sorry lot the whole bunch of you. BUt that does not change the fact that many others are still in a good position to pofit from AIPN and maybe we will even see bigger profits than you missed. Have you always been such a wuss, is that why you post at www.wuss.com aka the club board?
You amaze me. When are you going to wake up to the realization that you are being duped. From the board of investingdd that censors the posts that they do not like to the people of AIPN who tell you what you want to hear today and then change the story tomorrow. Look back at your posts and see how far back they go when you said that the contract is right around the corner. Or MD telling us that the refinery is about to be opened and running all out. To the statements that oil was going to be delivered then a correction that oil was about to be deliveded to as soon as some details can be worked out oil would be delivered. Now the latest line. AIPN is now going to concentrate its efforts here instead of in KAZ to a change that representatives of the copmany are going over there to now concentrate their efforts on KAZ. Dont you get it? They cant keep their stories straight. Either you like being made a fool of or you are one of thoses hyping this stock for your own personal gain. I dont know you so I wont speculate but this is for certain and this you can take to the bank. The leaders of AIPN are liars, some of the posters on investingdd are liars and none of the information being given out by AIPN is true. Again. Dont believe me. Look back on your posts and those of others and see how long they have been telling you to be patient. Six months, a year, a year and a half, two years? Time for someone to put up or finally shut up.
Golfer, it seems the biggest AIPN assets may be coming into play soon.
Did you see these posts on rb and at http://www.investingdd.com:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53759
By: carefulinvestor
29 Aug 2002, 12:39 PM EDT Msg. 53759 of 55470
(This msg. is a reply to 53727 by Sniper67.)
Sniper: Could this have to do with drilling Chikuduk?
If not, any hints?
"BTW, the "rumors" from Dr. Risk do not contain one of the events that Sniper is expecting. Maybe it is buried in there somewhere!" (emphases added).
BTW, Dr. Risk's "rumors" are now posted at:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53724
FWIW & IMO
---
By: chikuduk $$$$
27 Aug 2002, 07:32 PM EDT Msg. 53452 of 53475
***** GET READY TO RUMBLE *****
The sorry $$$ bashers are moving in on DOC...
They can't handle the stock price moving up...
THIS IS AN ALL OUT WAR......SHORTS AGAINST THE LONGS.
NEWS IS PENDING!!!
AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53452 (emphases added)
---
By: Sniper67 $$$$$
27 Aug 2002, 07:48 PM EDT Msg. 53458 of 53473
(This msg. is a reply to 53452 by chikuduk.)
CHIKUDUK:
What about the other two pieces of news?
SNIPER
"AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53458 (emphases in original post)
From: http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53479
---
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
http://www.investingdd.com
Re: [carefulinvestor] AIPN AND ####### WILL DRILL TWO DEEP TEST WELLS IN THE CHIKUDUK!!! [In reply to] Edit / Delete / Quote / Reply / Private Reply
--------------------------------------------------------------------------------
From RB this morning:
By: Sniper67 $$$$$
12 Sep 2002, 08:37 AM EDT Msg. 55426 of 55428
(This msg. is a reply to 55425 by carefulinvestor.)
CAREFUL: "Drilling Chikuduk" depends
of the success of JK in negotiating a deal in KAZ!
Irrespective of the entities here who might want to participate with AIPN!
Full post at: http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=55426 (emphases added)
I find it quite funny that no one has bothered to post anything here for the past several weeks. Is it possible that the hypsters have seen the light? Begesh, where have you been with your certain insights as to how AIPN is going to make the big announcement?
Golfer, they had so much traffic that they had to update their equipment. Maybe you tried while the update work was blocking access. Try http://www.investingdd.com again and it should work now. More good infoormation about AIPN here than on any other AIPN webpage..
i HAVE GIVEN UP TRYING TO LOG INTO THAT WEB SITE. fOR 1/2 HOUR I HAVE BEEN TRYING AND I KEEP GETTING REJECTED AND I DONTY KNOW WHY. THANKS ANYWAY
Golfer, at http://www.investingdd.com they are giving out a lot of information about AIPN
I don't know about you guys---but if you haven't signed up at www.investingdd.com --I sure would-----read the latest posts and you will see what I am talking about!!!! good luck to you here-I spend most of my time on the other board--follow Doc---you won't be sorry!!!!!p.s.--it's a free site--
NOt a bad day, up 40% on 2.8 mil. traded.
What a GREAT financial report that was. If income continues in that direction what a great future. And yet the stock is up today. How does one explain that?
ks7777, why do you say that? Do you mean you think something is about to take place about 953 or 1551 or the refinery or 2 or 3 of these?
Begesh-hope you got as much stock as you wanted already--- match is about to hit the fuse!!!
ks7777, great call todays volume and price might point to something like what is being talked about at http://www.investingdd.com taking place.. Maybe this will be the start of the turnaround that sniper and other people were talking about on rb.
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=48463
By: carefulinvestor
20 Jun 2002, 11:52 AM EDT Msg. 48463 of 52852
(This msg. is a reply to 48417 by carefulinvestor.)
GREAT NEWS TODAY for those who understand business and realize how close we are to what sniper optimistically termed:
"one of the best turnarounds in history!"
( http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=48364 , emphases added).
BTW, for those with the eyes to see (and even a modicum of kindness in the heart) it is evident that what some of the best posters here (Doc, Spin, Sniper, et al.) have been reporting all along is definitely IN THE WORKS.
Furthermore, as anyone who has been involved with business knows, it is impossible to know the exact timing for which deals will be struck and contracts signed.
This becomes even more of a guessing game as the deals become more complex and numbers involved larger. And when one of the deals involves a shipment of crude, as handstramp pointed out at DOC$ AIPN board ( http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=47719 ), many others factors need to be considered.
I think this PR also signals the fact that George Faris (GF) is on the w out and Jim Knight (JK) will be at the helm from now on.
From this news, and if all goes well, the following could (should?) all take place:
1. A multi-year, profitable, refinery contract
( http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=47411 , http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=47147 ).
2. Debbers eliminated (watch what happens to the pps at this point!).
3. A deal on 1551.
4. More drilling on 953.
Can you imagine what the price per share will be at (especially compared to the present pps) if drilling starts on 953 (which gave us a 533% increase last time, with nothing else happening), the refinery is running full out year round (with a contract with a major!), the debbers are gone (and can't hold the pps down, as now) and a good deal on 1551 has already been signed (hint: see http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=31450 ).
With that said, here is the news (below, with emphases added) for anyone who missed it.
If you can read between the lines (or pick up on the emphases) you still have time to make yourself a bundle of money on this stock.
The big hits are coming, it is only a matter of time now!!!
GOOD TIMES COMING FOR AIPN!
FWIW & IMO
P.S. Almost forgot, but it is very nice to see that AIPN has responded directly to shareholder requests for an update (again see DOC$ AIPN board for more information).
---
(COMTEX) B: American International Petroleum Places $1.9 Million Convent
B: American International Petroleum Places $1.9 Million Conventional Debt
NEW YORK, Jun 20, 2002 (BUSINESS WIRE) -- American International Petroleum
Corporation (OTC BB: AIPN)), announced today that it has sold a nine-month $1.9
million 12% secured Bridge Note to GCA Strategic Investment Fund Limited
("GCA"), Hamilton, Bermuda.
The proceeds from the financing will be utilized for working capital purposes.
This will also allow the Company more time to work towards the completion of
ongoing negotiations to put its entire Lake Charles facility to work on a long
term basis, and to consummate a refinancing to replace its existing debt.
"We continue our efforts to complete a long-term transaction for our Lake
Charles facility, which includes both processing crude oil and manufacturing
asphalt," said Company President Jim Knight. "We have seen in the past that the
best way to maximize the profits of our Refining Division is to operate all the
units simultaneously. We are making progress towards achieving this goal and,
although we can't be certain at this point, we hope to complete a deal soon
transaction should provide the necessary cash flow and margins to enhance
our ability refinance our debt. That is the next step.". He also said that the
Company has informed its principal lenders that it intends to attempt to redeem
its existing debt as soon as practicable and that the lenders were receptive to
such a plan.
The Company continues to have discussions with potential partners regarding a
farm-out of some of our 100% working interest in License 1551, the Shagyrly gas
field in Kazakhstan. Any proceeds that may be derived from the possible sale or
farm-out of a portion of our oil and gas concessions in Kazakhstan will be
utilized to repay debt, fund the development of our License 1551 gas field and
the minimum work program at our License 953, and for general corporate uses. The
majority of the development funding for License 1551 is expected to be derived
form project financing.
American International Petroleum Corporation is a diversified petroleum company
which, through various wholly owned subsidiaries, is involved in oil and gas
exploration and development in the Republic of Kazakhstan, and in processing
crude oil, and in marketing and transporting a wide array of refined products in
the United States.
Statements herein may be identified as forward-looking for purposes of safe
harbor provisions under Section 21E of the Securities and Exchange Commission
Act of 1934. Such statements relating to the Company's business, including those
specific to this press release, including efforts to complete a long term
contract for Lake Charles; ability that such a deal will enable satisfactory
cash flow and margins to allow refinancing, or enable all units to operate
simultaneously; ability to redeem existing debt; or, consummate a farm-out
agreement for Kazakhstan Licenses; and all future business of the Company, are
subject to risks and uncertainties that could cause actual results to differ
materially from those statements and other risks and factors, identified in the
Company's SEC filings.
CONTACT: American International Petroleum Corporation
Michael Dodge, 212/688-3333
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2002 Business Wire. All rights reserved.
-0-
KEYWORD: NEW YORK
INDUSTRY KEYWORD: ENERGY
OIL/GAS
UTILITIES
SOURCE:
American
International
Petroleum
Corporation
*** end of story ***
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
OT--for additional information that you all should read tonight---- go to www.investingdd.com--there is tons of exciting info relating to tomorrows EXCITING action--DO NOT MISS THIS !!!YOU WILL BE SORRY!!!!read what docholidayco has to say tonight!!!peace--
Begesh, I hope that this is not the wonderful deal that you have been pushing oh these many months. Wonderful, now they are even putting up the refinery for possible sale. Tell us all. If the refinery is sold then exactly what assets remain that give you this great hope for this almost defunct company?
Goper, I have not seen the commercial and to me the picture you describe does not fit here at least not for me.Just because you have lost money on this stock does not mean every one has. There are probably many who have made money and are about to make a lot of money the way I look at it. Did you see this post
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=52528
By: clamdestiny $
15 Aug 2002, 11:36 PM EDT Msg. 52528 of 52609
Deal Is Coming!
Seems that reliable sources (I actually believe this source) close to the company predict a real financing arrangement (non-dilutable) which will allow the company to commence crude purchasing and, hence, asphalt processing at the St. Marks Refinery. This should (operative word "should") but to rest any rumors (fears) of pending bankruptcy.
(Voluntary Disclosure: Position- Long; ST Rating- Buy; LT Rating- Strong Buy)
Pardon me but I believe you do know the commercial or atleast the meaning.
Golfer, I don't know the comercial and I think AIPN is a good investment. I guess I am not following your line of reasoning.
When one makes an investment decission one usually basis it on what they believe to be honest and true facts. When leaders of companies deceive and cook the books it then becomes difficult to make an intelligent decission. Just look at what has been happening in the investment arena the past several months. No I do not blame anyone but myself and I take full responsibility for my bad judgement. What I cant accept is people who push stocks and all the while know that what they are pushing is nothing but junk. Do you know the commercial that is on tv where the guy says "now lets get out there and put some lipstick on this pig." Question for you. Are you holding the lipstick?
Golfer, same old same old for you and others who can not accept responnsibilty for your own bad investing choices. It does get stale after a while.
I am still optimistically looking forward to what is to come for AIPN as the best is yet to come!!
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=52598
By: carefulinvestor
14 Aug 2002, 05:06 PM EDT Msg. 52366 of 52597
(This msg. is a reply to 52363 by soup_nazi1.)
soupSPAMster: And here is my answer ( for which glplan sent a very nice thank you note via the private message system at http://www.investingdd.com )...
glplan: Thanks for the questions, as they are good (well thought out) questions.
Of course nobody (except God) knows how all this will play out, but I can see at least two very favorable situations developing due to what Doc said and in regard to your questions.
1. AIPN announces a "FIVE YEAR" (S-1) refinery contract with a "MAJOR OIL COMPANY" (S-1, sniper says its with TotalFinaElf, the world's fourth largest oil company, see http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=51271 -- I believe Doc concurs, but I don't have the post at hand, maybe Doc wouldn't mind weighing in on this again?).
The debbers hold back and AIPN rises to between .20 (400% above the present level) and $1.00+ (2000%+ above the present level).
In these price ranges many (including myself) will be able to take considerable profits (now) and not have to even think about the long term consequences to AIPN (if we do not want to) -- though I could still take good profits and be left with a large amount of shares still in my pocket, which is what I will likely do (to capitalize on the KAZ HITS that I think are still to some!).
2. AIPN announces a "FIVE YEAR" (S-1) refinery contract with a "MAJOR OIL COMPANY" (S-1) and shortly thereafter takes out the debbers (as noted in a recent PR, see below) -- on whatever basis they are able to arrange.
This not only helps in the short term (for profit takers), but makes it even better for the long term holders!
Thus those who have already taken profits win and those who hold for the long term are likely to win even more (and may see 2,000% to 10,000%+ increases from present levels, especially if the Kazakhstan concession come into play soon, which seems likely given all the speculation about Mr. Knight traveling to Kaz. and the way the world situation is developing -- and we already have a long term refinery contract and no more future dilution at that time).
However, as I am sure you can see, all this hinges, at the present time, on the announcement of the MAJOR REFINERY CONTRACT that is expected at any time. This is the crucial first step.
When this happens I believe AIPN will have secured its future for at least the next five years and even more importantly:
THEY WILL HAVE BOUGHT THEMSELVES ALL THE TIME THEY NEED FOR MEGA-HITS on 1551 and 953!
Others may not be able to see it, but I still think there is a very good chance that AIPN will see the $2.00/share to $10/share range (http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=31450) at some point in the future.
It will take, however, (as one notable poster put it),
"one of the best turnarounds in history!"
FWIW & IMO
April, May , June, July, That is when you started posting about the good things to come. That does not take into account the years before that the directors of this company were braging about the great potential of all they had. Since then this company has gone from 40 million shares to what is it now, 200 million and counting. No I am not one of those bashers, just one of those who beieved that there was money to be made in HONEST companies with great potential. Where I went wrong was believing that the peopple who ran this company were honest. I along with countless others who have lost not a potential windfall but an actual great loss. Chalk it up to believing. You on the other hand keep tel;ling everyone that the good times are just around the corner and that they should just believe and hold on. Who is the honest one and who is the one deceiving the shareholders. I will leave that up to them to decide. All I ask now is that people stop their bullshit ( hope the dont delete this) and we will see who is honest and who is the deciever.
Golfer, you could just as well be deceiving people and causing them to lose money, no matter how much "you feel there pain" , if the present information in the SEC documents about AIPN is true and is about to lead to a major run. So why don't youu stop it already as if you are not soup-nazi of rb you are sure starting to sound like him!
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=52445
By: carefulinvestor
15 Aug 2002, 02:00 PM EDT Msg. 52445 of 52594
(This msg. is a reply to 52420 by chikuduk.)
*** Five year refinery deal with major for AIPN (S-1) ***
"We are engaged in negotiations for a
transaction that would put our
entire refining and asphalt facility in Lake Charles to work on a
long-term basis. The terms of this transaction have been agreed to (PAST TENSE!!!)
and implementation is contingent upon securitization of crude oil
purchase contracts and financing to support our purchase of crude oil
and asphalt feedstocks. Our management believes the anticipated cash
flows from this transaction are sufficient to support all of our
overhead and domestic operations during the transaction's five-year
term. It should also enhance our ability to refinance our existing
debt..."
(From the most recent S-1, emphases added)
Not to mention buying AIPN all the time they need the sign the mega-deals on 1551 and 953 -- with the debbers likely eliminated prior to these material events!!!
What's coming for AIPN:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=52366
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=52369
FWIW & IMO
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
why dont you stop it already. Read the reports. There is the possibility that they would want to issue some 100 million additional shares to cover expenses. This is about as likely as the directors of Encron and some of the others being voted to the Board of Diretors Hall Of Fame. There are no and I repeat no prospects for this company. Within 30 to 60 days they will either file for bankruptcy or be taken over for default on payment of loans. Either way this comapny is history. It is just too bad for the honest investors that they have been taken for a ride as was the case of so many other investors of late. The only ones who are going to make out ok are GF and company and all the HYPSTERS who suckered in the honest people. Look back on some of YOUR posts dating back to this past April and how you were pushing this stock and that it was only a matter of "days" till the big contract was going to be signed. To all of those who lost money in this dog I feel the pain the way you do. To those who made money hyping this stock, sleep well.
This is interesting
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=52585
By: carefulinvestor
16 Aug 2002, 12:27 PM EDT Msg. 52585 of 52591
(This msg. is a reply to 52578 by clamdestiny.)
clamdestiny: Thanks for the answer. There are a lot of very encouraging "rumors" floating around at the moment. It looks as if AIPN may be within days of a great turn-a-round and a large very large spike in price -- if even a just one or two of these "rumors" are true!
All the best to HONEST AIPN longs!
BTW, BF, I even hope you are on the AIPN express when it starts to leave the station. Though you are skeptical about future success for AIPN (and you seem to hate management), I've seen from your posts that you do (at times) seem to hope (and even pray) for good for those who are invested in AIPN.
I also hope the turn-a-round in your family's life continues!
FWIW & IMO
---
By: clamdestiny
16 Aug 2002, 11:53 AM EDT Msg. 52578 of 52582
(Msg. is a reply to 52569 by carefulinvestor.)
I was mistaken...
The refinery is Lake Charles. I've owned this stock for years. If I would have sold at or near the top, I'd be a rich man. The source has been good, but, as always with this company, timing has been way off the mark. This time, however, it seems that the activity for conventional financing is authentic and coming very soon. Also, I read the posting/quote for the convertible debt holders and I am led to believe that that, too, is the plan. Hold them off so that we can get to a more respectable share price and either allow them to convert..or, perhaps,pay them. Time will tell.
(Voluntary Disclosure: Position- Long; ST Rating- Buy; LT Rating- Strong Buy)
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=50578 (emphases added)
---
By: chikuduk $$$$
16 Aug 2002, 08:00 AM EDT Msg. 52533 of 52573
$9.5 Million dollar loan
Have a good weekend........
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
From: http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=52533 (emphases added)
---
Sniper also writes:
"The impending loan is also fact BTW - BUT THAT IS RUMOR - and neither Sniper nor his alter ego SYBIL speculates on rumors! It does make for good entertainment though doesn't it!"
Excerpted from: http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=52547 (emphases added)
---
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
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