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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)
Someone has this dog on "LIFE SUPPORT". When are they going to be kind to it and finally pull the plug?
Golfer, this says it well,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=52228
By: carefulinvestor
13 Aug 2002, 01:47 PM EDT Msg. 52228 of 52249
(This msg. is a reply to 52222 by carefulinvestor.)
More confirmation that Sniper was right!
1. "The terms of this transaction have been agreed to
and implementation is contingent upon securitization of crude oil
purchase contracts and financing to support our purchase of crude oil
and asphalt feedstocks"
2. 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.
"In June 2002, we sold $1.9 million principal amount of our 12%
bridge notes due March 18, 2003 to GCA for a purchase price of $1.9
million and a warrant to purchase 3.6 million shares of our common
stock at $0.04 per share. We will use the net proceeds of
approximately $1.6 million to support our working capital needs. 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
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, although there is no certainty this will be the case. If we are
unable to secure adequate financing to consummate this transaction,
we may need to curtail our operations."
Doc found this one (http://www.investingdd.com -- AIPN board).
Compare with:
By: carefulinvestor
26 Jul 2002, 11:00 AM EDT Msg. 51271 of 52226
(This msg. is a reply to 51244 by carefulinvestor.)
INFO the BASHERS don't want YOU to SEE:
---
Sniper writes:
Listen close BF - Sniper does not care whether you believe him or not. I have stated how and when I got information - I have not nor will I give you the source - period! However, the following are facts (believe them or don't-your choice):
1. The deal has been signed by both parties!
2. There are "performance criteria" in the contracts prior to announcement.
3. Total is the partner!
4. This is a multi-year, multi-product, multi-area deal!
5. Feedstock is on its way to the LC refinery!
I could give you more "facts" - but chew on those awhile! BTW - my information comes from the industry...
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=50230 (emphases added)
BTW, all this was again confirmed by sniper yesterday. See:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=51123
Another interesting quote from sniper:
"I have been in the offices of AIPN (all of them), including your oftmentioned "map room"! I have had discussions with all of the executives past and present (excluding Knight), since 1998. And I have been privy to conversations re potential suitors."
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=44954
FWIW & IMO
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
Behesh. .044 down .006. Seems that you are not looking so good. Latest reports are that AIPN is running out of money, cant issue new stock, who would buy it, and they are thinking of scaling down operations. That could mean closing operations. Still looking bright???
Golfer, I don't think anyone has to apologize for an opinion in this case. We just disagree and we will have to waiit to find out who is right. You have even said that you hope that I am right and that shows me that you are hoping for something good and that is enough for me. I may also wait for a long time to see what happens to AIPN because I think the payoffs could be very high. One big deal would be enough. I think we could see 2 or 3 big deals if enough time passes. Have you seen this post?
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=51886
By: fbla_man
07 Aug 2002, 11:43 AM EDT Msg. 51886 of 51962
Dodge Report, from Doc's Site (Per Doc)
"Dr.Faris's contract ran out on July 31st and no extension is planned.They are spending much more time at the refinery preparing feedstock to bring up to spec.He was not sure whether individuals have been called back yet but will check on and yes they very well may have something THIS week.ST.Marks discision continue's to work its course through the courts and they remain confident there is no Liability on their part.Knight hopes to travel to Kaz in the next couple weeks to get directly in front of interested parties in regards to Licences 953 & 1551.
Several stratigies have been mapped out with contract partner one of which would include partner supplying crude on a regular basis that would have less effect on market changes in pricing.
Doc"
Time will tell who is correct. Would you like to pick the number of months before one of us says I am sorry. Three, four, five six months? You pcik the number. It has already been more than a year so please be realistic.
Golfer, I don't agree with you at all. There are many people who still believe AIPN will make large moves and you can see this because there are no sellers. And the low was .031 and we have recently seen it at .06 or above, though none of jibberish you are talking matters anyway. I say AIPN is going up and I am more optimistic than ever. You are talking like the rb bashers and say the stock has no chance. the only thing that will settle this is waiting to see what happens. I am sticking with my opinion and you will probably stick with yours. So we will see what happens in the future. I remain very optimistic and am looking forward to watching what happens.
You do not know what you are talking about.I dont know if you are just pushing this stock or not but the numbers do not work out.Dont tell me about 90% increase when you go from 3 1/2 cents to .057 cents when you cant sell the number of shares necessary to make a profit. You go try and sell 100,000 shares at one time. The price is going to drop like a rock. Stop with your bullshit. This stock is going no where. How or why do you still think this stock is going somewhere? There is something that you are not telling people.
Gofer, you are talking sillyness, iin everything you are writing. You have convinced me of nothing. As I've said I am more optimistic now than I have ever been before.It also seems others are becoming more optimistic like one persom wrote on the rb discussion the price of AIPN is now up close to 100% from its lows that were not long ago. if you will look at my previous post you will see that sniper says the contract is already signed and at http://www.investingdd.com
jim knight is getting ready to travel to Kazaksatn. Of course you can believe whatever you want but I am still thinking this stock will turn out to be a very good investment. And we are now even closer to the coming big announcments than when you posted your last reply.
You say one day closer. That has been the message for 365 days now. Just one more day. As for 14% increase as opposed to 2% for the DOW, I will take 2% for the DOW. Remember .007 IS STILL .007 cents no matter how you try to explain it. A little math. If you were to buy 100,000 shares ( and there have not been any where near that kind of trade) at 5.5 cents it would cost you $6,000. Now if it goes up .007 cents and you could even sell 100,000 shares, something I do not think you could do because it would drive the price down, but even if you could that would be $700. Now you tell me if that is a wise investment. I think not. Lets stop all the BS. The management of this company is from hell. They couldnt close a deal if it was signed and put infront of them. They have taken a great opportunity and thrown it away all for the sake of milking this dead horse for all it is worth. As I have stated in the past. Talk to some people who know, LAWYERS ENGAGED IN ACQUISITIONS AND MERGERS for example and they will tell you it does not take a year, no more than a year, to ink a deal. The management is stringing everyone along. Now if you want to keep hyping this garbage and there are enough fools out there to believe you, go ahead.
Golfer, one day closer ever day until AIPN gets 1 2 or 3 big deals ...
You still have not answered the question of which is better DOW up 2.2% or AIPN 14.6%
A little reminder that I've put on this list for you before...
Posted by: Begesh
In reply to: Begesh who wrote msg# 93 Date:7/27/2002 10:00:42 AM
Post #of 101
Info rb bashers don't want you to see:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=51271
By: carefulinvestor
26 Jul 2002, 11:00 AM EDT Msg. 51271 of 51331
(This msg. is a reply to 51244 by carefulinvestor.)
INFO the BASHERS don't want YOU to SEE:
---
Sniper writes:
Listen close BF - Sniper does not care whether you believe him or not. I have stated how and when I got information - I have not nor will I give you the source - period! However, the following are facts (believe them or don't-your choice):
1. The deal has been signed by both parties!
2. There are "performance criteria" in the contracts prior to announcement.
3. Total is the partner!
4. This is a multi-year, multi-product, multi-area deal!
5. Feedstock is on its way to the LC refinery!
I could give you more "facts" - but chew on those awhile! BTW - my information comes from the industry...
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=50230 (emphases added)
BTW, all this was again confirmed by sniper yesterday. See:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=51123
Another interesting quote from sniper:
"I have been in the offices of AIPN (all of them), including your oftmentioned "map room"! I have had discussions with all of the executives past and present (excluding Knight), since 1998. And I have been privy to conversations re potential suitors."
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=44954
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
You must be out of your mind. Yes up 14 plus% but would you get a life. It was up .007 cents. That does not even cover the electric used to power my computer. Why dont you finally admit it. The management of this company is either inept or corrupt, or maybe both. I do not know your background in business but let me tell you, as I have stated so many times earier it does not take over a year to negotiate and sign any contract. There are two goups of people making money here. Those who hype this stock and the management that milks this company. You are either naieve or a fool to believe otherwise and I do not know you so I wont put you into one of the other two groups that I listed. Believe what you may, there is NO contract, never will be one and all this talk of JK thinking that maybe now September he can get something inked is all BS. Wait till the financially come out in a few weeks and then tell all of us how rosey thinks look.
Golfer, Dow was up 2.20% today and AIPN was up 14.6%!
Which do you think is better?
And when AIPN starts to roar you will find nothing to compare it with.
Have you seen the latest info from dodge and knight at http://www.investingdd.com
It should not be long now...
DOW up 400 point in 2 days and AIPN up .007. Must be the big deal that is in the works.
More positive than ever as we are closer than ever to the deals being made public.
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=51824
By: carefulinvestor
05 Aug 2002, 01:05 PM EDT Msg. 51824 of 51838
(This msg. is a reply to 51820 by Jeanne6510.)
Jeanne: This will be a good time to watch if the upcoming refinery news vindicates the position set forth by Doc, or that set forth by the bashers (who have been posting the same negative drivel for years).
If news comes regarding the refinery, Doc will be seen to be reliable (though sometimes a little off on the timing); if NO news comes on the refinery, then the bashers will have been more accurate.
BTW, if, you look as the ask line-up, on level two, it suggests many others also see good news coming soon (especially given our recent lows).
Most asks are about 100% to 200% above AIPN's lows.
And that is just in anticipation of the news to come, when it hits how high will it go?
More recent news to consider:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=48463
Good times coming for AIPN!
FWIW & IMO
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
What are you smoking?? I cant believe you are still positive unless you are selling 100"s of thousands of shares for a fraction of a penny move, which I do not believe you are doing. There just has not been that kind of trades.
Don't worry Golfer I still expect good news soon.
I amm willing to wait if that is necessary.
It seems most of the dd of value is at http://www.investingdd.com
FWIW & IMO
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=51816
By: carefulinvestor
05 Aug 2002, 11:14 AM EDT Msg. 51816 of 51834
Don't forget:
By: carefulinvestor
26 Jul 2002, 11:00 AM EDT Msg. 51271 of 51815
(This msg. is a reply to 51244 by carefulinvestor.)
INFO the BASHERS don't want YOU to SEE:
---
Sniper writes:
Listen close BF - Sniper does not care whether you believe him or not. I have stated how and when I got information - I have not nor will I give you the source - period! However, the following are facts (believe them or don't-your choice):
1. The deal has been signed by both parties!
2. There are "performance criteria" in the contracts prior to announcement.
3. Total is the partner!
4. This is a multi-year, multi-product, multi-area deal!
5. Feedstock is on its way to the LC refinery!
I could give you more "facts" - but chew on those awhile! BTW - my information comes from the industry...
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=50230 (emphases added)
BTW, all this was again confirmed by sniper yesterday. See:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=51123
Another interesting quote from sniper:
"I have been in the offices of AIPN (all of them), including your oftmentioned "map room"! I have had discussions with all of the executives past and present (excluding Knight), since 1998. And I have been privy to conversations re potential suitors."
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=44954
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
Isnt it something how quiet this board becomes and how those who push this stock seem to fade into the woodwork when there is no movement. I seem to remember a certain individual who kept insisting that all the deals were "just around the corner and the end of the rainbow was near." Where are they now???
Info rb bashers don't want you to see:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=51271
By: carefulinvestor
26 Jul 2002, 11:00 AM EDT Msg. 51271 of 51331
(This msg. is a reply to 51244 by carefulinvestor.)
INFO the BASHERS don't want YOU to SEE:
---
Sniper writes:
Listen close BF - Sniper does not care whether you believe him or not. I have stated how and when I got information - I have not nor will I give you the source - period! However, the following are facts (believe them or don't-your choice):
1. The deal has been signed by both parties!
2. There are "performance criteria" in the contracts prior to announcement.
3. Total is the partner!
4. This is a multi-year, multi-product, multi-area deal!
5. Feedstock is on its way to the LC refinery!
I could give you more "facts" - but chew on those awhile! BTW - my information comes from the industry...
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=50230 (emphases added)
BTW, all this was again confirmed by sniper yesterday. See:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=51123
Another interesting quote from sniper:
"I have been in the offices of AIPN (all of them), including your oftmentioned "map room"! I have had discussions with all of the executives past and present (excluding Knight), since 1998. And I have been privy to conversations re potential suitors."
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=44954
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
Jim Knight Update
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=51273
By: carefulinvestor
26 Jul 2002, 12:07 PM EDT Msg. 51273 of 51331
(This msg. is a reply to 51271 by carefulinvestor.)
***** JIM KNIGHT UPDATE *****
at: http://www.investingdd.com (AIPN board)
Thanks goes out to Jeanne for the idea she gave me as a result of her questions on this board yesterday.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
Good news for AIPN about St. Marks Refinery
http://www.tallahassee.com/mld/tallahassee/news/local/3729626.htm
Posted on Thu, Jul. 25, 2002
Tallahassee briefs: Judge allows refinery lawsuit to stand
Circuit Judge N. Sanders Sauls on Wednesday denied the state's motion to dismiss a lawsuit filed by the St. Marks Refinery Inc., an attorney for the company said. The refinery sued earlier this year claiming that the Florida Department of Environmental Protection was illegally trying to hold it responsible for cleaning up petroleum contamination at the closed refinery site in St. Marks. The state last month launched a new cleanup of the site, which has widespread petroleum contamination dating back to at least the 1980s and high dioxin levels in some areas. The company, which bought the site in 1992, says the DEP in April illegally denied its use of a dock on the St. Marks River. The company would use the dock to reopen the site to distribute asphalt. DEP officials said they were denying the lease to focus the company's attention on the cleanup. The department will have 21 days to respond to the lawsuit once Sauls issues his ruling, said Gary Early, an attorney for the refinery. A DEP attorney who is handling the case could not be reached for comment.
There are some comments about this at http://www.investingdd.com
Golfer, since you are not able to get your facts straight, I don't see any reason to listen to the rest of what you say. You are likely just as wrong about everything else as you are about the prices.
AIPN has hit intraday lows of .031 and highs of .085 recently. I watched it for myself as it happened.
You say AIPN is going down, I say it is going up.
We will see who is correct in the future.
Sometime around June 20th this stock hit .075 not 8. Since then it has been down and never up. It did not hit .031 but its low was about .035. Now get your facts and numbers correct. As for it taking a long time for a deal to be signed, sealed and delivered get your facts straight here as well. It has been several years now that AIPN has been looking for a partner. That is several years not days or months. The word was that TOTAL was the partner and that rumor was thrown around more than a year ago. I dont know your background in economics or business or law but I can tell you with absolute certainty that if and I use the word "if" there was a partner and there was a contract it does not take this long to negotiate and sign one. People have been hyping this stock for years, including the management, and the chickens are coming home to roost. There is no more hyping to be done and no more fools to be fooled. If you think that a good investment is buying 100,000 shares of a stock at .04 or .035 and then waiting for it to go up to .042 or .045 then I have a bridge in Brooklyn that I would like to sell you. You may be one of those hypsters for all I know and think that a one cent move is worth the risk. I for one and I know that I am not alone in this thought have heard the FAT LADY SING when it comes to AIPN. Keep HYPING, maybe there are more fools out there who will listen to your BS.
Golfer, you don't follow this stock very carefully, do you? AIPN recently ran from .031 to about .085.
And large deals take a long time to happen some times, but as I have said before, I am very optimistic at this point.
See the DD at http://www.investingdd.com if you would like to know more.
150% run up from 3 cents to 4 1/2 cents is not what one would condider a good nor a safe place to put ones money. you and others have been pushing this stock now for who knows how long but i can tell you this much. There may be a contract that was signed but they are doing a great job of keeping it secret. There has been no deliveries of oil so that takes out the possibility that the refinery is going to make money. There is no word on financing so that leads to the possibility of new stock being issued, which by the way they will never find more suckers to buy. The leases in Kaz. are about to expire and that eliminates another possibility for future revenue. Now exactly where are you getting this confidence from that leads anyone to believe that AIPN is a viable company. ENRON, WORLD COM on a much much smaller scale. The reputation that GF has earned about being a minipulator is well deserved. Thank god for the U.S. economy that this company will have no impact like others have. Many people have lined thier bathroom walls with stock certificates from AIPN. Makes a nice pattern.
Golfer, I can sum up my present thoughts on AIPN in the following words:
I am more optimistic about what is about to happen at AIPN than I have ever been at any time in the past!
Your comments also seem to indicate that you missed the recent 150%+ run we saw. If you were on the ball you could have made 150%+ on AIPN during this run.
In my opinion there are much bigger runs to come. Maybe these runs will start very soon. I thnik that these runs will also last.
If you have extra time take a look at the best place for AIPN dicussion at http://www.investingdd.com
Snipers words also seem truthful to me,, which I posted in post 85
Posted by: Begesh
In reply to: None Date:7/12/2002 2:15:59 PM
Post #of 86
Sniper's TOTAL & REF deal from rb
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=50230
Listen close BF - Sniper does not care whether you believe him or not. I have stated how and when I got information - I have not nor will I give you the source - period! However, the following are facts (believe them or don't-your choice):
1. The deal has been signed by both parties!
2. There are "performance criteria" in the contracts prior to announcement.
3. Total is the partner!
4. This is a multi-year, multi-product, multi-area deal!
5. Feedstock is on its way to the LC refinery!
I could give you more "facts" - but chew on those awhile! BTW - my information comes from the industry not from the folks you named! If I told you I had lunch with JK, would that make a difference? Would you then believe what I say? How about if I had lunch with someone who had lunch with JK? Gets kinda ridiculous doesn't it!
Back on 5/9 Begesh began posting about his optomism and to use his words "good things are about to happen." It is now better than two months since he posted those remarks and this stock has gone down not up and there still is no news. There has been no contract, not deliveries of oil to the refinery, no reason for optomism. Begesh, would you like to comment now on your great hopes for thsi company? This stock is going no where.
Sniper's TOTAL & REF deal from rb
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=50230
Listen close BF - Sniper does not care whether you believe him or not. I have stated how and when I got information - I have not nor will I give you the source - period! However, the following are facts (believe them or don't-your choice):
1. The deal has been signed by both parties!
2. There are "performance criteria" in the contracts prior to announcement.
3. Total is the partner!
4. This is a multi-year, multi-product, multi-area deal!
5. Feedstock is on its way to the LC refinery!
I could give you more "facts" - but chew on those awhile! BTW - my information comes from the industry not from the folks you named! If I told you I had lunch with JK, would that make a difference? Would you then believe what I say? How about if I had lunch with someone who had lunch with JK? Gets kinda ridiculous doesn't it!
AIPN PARTY from rb
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=50119
By: spinoza461 $$$$
08 Jul 2002, 09:50 PM EDT Msg. 50119 of 50151
IT'S TIME FOR AN AIPN PARTY.....
FOR ALL REAL INVESTORS......!
We deserve it!
Here's my plan.
At exactly 8:00 P.M. (Central time) all REAL INVESTORS who wish to participate ......will lift a glass of their favorite beverage in a coast-to-coast toast to ourselves.
What will we be celebrating ......you might ask?
Well now......
A fantastic PR on a refinery deal with a major that moves PPS to somewhere between 25 cents and 50 cents within a matter of hours would be nice.
A second PR announcing conventional financing to take out the debs, that moves PPS to over a dollar ......would be even better.
A third PR announcing a JV on 1551, that moves PPS to over three dollars without looking back......would be sweet indeed!
BUT......
What if none of the above occurs by 6-10-02 at 8:00 P.M.?
What's wrong with ......JUST PLAIN CELEBRATING OURSELVES?
When I think of the fun that I've had playing on this board over the last couple of years......
When I think of all the fine people I've had the opportunity meet and to chat and joke with by phone......
When I think of all the times that AIPN has tantalized me and my friends with a peek at turning a penny into a pound......
When I think of all of the above and more ......I simply do not know how to regret my folly ......if folly AIPN turns out to be.
SO I SAY......
As long as this speculative little stock still has a breath of life left in it ......
WHY NOT ENJOY THE MOMENT AND ANY FUTURE POSSIBILITY THAT STILL EXISTS!
A very wise man once told me "You can cry in your beer or drink it."
He always drank his.
I always drink mine.
The party is at 8:00 P.M. on Wednesday.
R.S.V.P.
AIPN profiled in well known investment newsletter
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=49661
By: carefulinvestor
01 Jul 2002, 09:55 PM EDT Msg. 49661 of 49676
(This msg. is a reply to 49638 by Zoro99.)
Thanks Zoro99 ("AIPN is profiled in the July issue of Bill Mathews' Cheap Investor newsletter")!
I already have my free issue on the way. I asked specifically for the July issue which features AIPN, as you noted.
It wouldn't surprise me if his AIPN recommendation turns out to be one of his biggest winners ever -- if not THE BIGGEST WINNER EVER!!! And he has picked a number of beauties in the past (see below)!
This looks like something that I will almost certainly subscribe to after checking out the first sample issue.
Here is some more information on the web about Bill Mathews' Cheap Investor newsletter (which may be of interest to AINPites, as he has just featured AIPN!):
---
AMS stock was picked to double over the next 12 months, by Bill Mathews who reports that for more than 15 years he has utilized the principles from his book "Winning Big with Bargain Stocks" to write one of the best performing financial newsletters since 1981. His newsletter entitled The Cheap Investor specializes in quality stocks under $5 per share. During this time, 20 of the stocks recommended in his newsletter increased in value from the recommended price over 1,000% with 11 of them increasing over 2,000%.
Previously, recommended stocks included Pre-Paid Legal Services, Inc. at $1.31, Telex Corporation at $4.50 and Republic Industries at $3.00, which increased 2,544%, 2,155% and 2,850%, respectively.
(Emphases added)
http://www.mlmpros.com/news.asp?newsid=24
---
Cheap Investor, The
Since 1981, this outstanding newsletter recommends quality stocks under $5 with profit potential of 50-100% or more. Monthly 12-page report concentrates on solid fundamentals, including increasing sales & earnings and/or cash and stock price at or near 52-week low. Veteran editor, Bill Mathews, taught college finance and investment courses for over 15 years. 1 Yr., $125.
http://www.##########.com/product_pages/newsletterSS3.shtml
---
CHEAP INVESTOR HUGE WINNERS
UpDated 2/26/00
GrandDaddy HUGE WINNER of Winners for Bill Mathews, Analysts & Publisher of The CHEAP Investor, is (IDPH), originally Recommended in 1993 at $5.00, drifted down to $2 per share by 1995. Bill commented that the Fundamentals had not changed in (IDPH) as the company had enough CASH to survive until they could bring their products to Market. The Cheap Investor again Recommended (IDPH) on the Hot Line at $2.00 in 1995. In 1999 (IDPH) hit $175.00 per share as a New High.
Bill Mathews has commented many, many times in editorials of The Cheap Investor & on his Hot Line that Investors
#1. Should consider taking some profit from their investment when a stock experiences a nice Run.
#2. Consider using those Profits to "Accumulate A Position For the Long Term".
#3. Consider being Diversified as much as possible.
#4. Have the Patience to Hold On to a Quality Stock.
#5. When a stock is at a LOW Price, Smart Investors are BUYING, not selling.
(Selling a stock just because it has not moved up, A great way to LOSE Money)
Now, With the above stated, does Bill Mathews make any recommendations that turn out sour and a disappointment? OF Course! ........ My comment to that is one should realize there are NO Guaranties or Stocks without some measure of RISK.
However, To evaluate Track Record of Bill Mathews or any other analysts record, just consider the Number of recommendations made, Consider the Percentage of Winners versus the losers, then compare the overall Percentage. When one does this with Bill Mathews Record, one will discover just how good this man is at Winning BIG with Bargain Stocks.
--------------------------------------------------------------------------------
Cheap Investor HUGE WINNERS!
Below are Winners from 1997 to Current date of 9/9/99. I will continue to keep this list UPDATED as time permits. So, Return and take a look from time to time As New CHEAP Investor HUGE WINNERS make this list. Only Recommendations having 300% or more Gain will Be Included In this Top List Section.
(IDPH) $5.00---------$175.00 & (PPD) $1.32------------- $45.00
(WGO) $8.25------------$28.75 & (TOTL) $.66--------------$4.18
(RWIN) $3.00------------$11.75 & (ARW) $3.75-------------$60.00
(DC) $1.13----------------$10.50 & (BNHN) $.75-------------$16.18
(JOB) $1.81--------------$16.00 & (AW) $1.88---------------$30.00
(NCP) $2.75-------------$18.00 & (QDEK) $2.00-------------$39.50
(CADE) $.63---------------$4.00 & (ALW) $5.13---------------$30.00
Datametrics $1.13-------------$11.50 & Vasco (First Med) $.30--------$1.75
Kimmons Envir. $1.50---------$6.50 & Access Healthcare $3.63------$65.50
Envirodyne Indu. $2.81------$80.00 & BioSource Inc. $1.94---------$6.25
Horizon Health Care $1.63-----$29.00
(LIPO) $7.00 again at $5.00 ---------------$48.25 two years later.
Republic Waste $3.13---------------------$69.00 split 2 for 1
(VRC) $5.38-----$36.50 & (GLM) $1.63---$21.00
(TAM) $4.38------ $18.50 & (LB) $1.13----------$7.00
(BIOI) $1.94----------$13.25 & (BCGI) $4.00--------$19.00
(AZTC) $$3.63-------$19.88 & (GEHI) $3.00--------$25.00
--------------------------------------------------------------------------------
Below are WINNERS from 1997 to 9/9/99
(WGO) 3/97 & (AW) 4/97 Are in the list above.
( INT) Rec. 7/97---$3.63--$20.00 & (HAUP) Rec. 11/97---$2.88---$38.12
(DEPC) Rec. 10/97---$1.12----$5.25 Bought Out
(ALMI) Rec. 2/98---$1.09---$8.00 & (ASFT) Rec. 2/98-- $2.12----$5.56
(SECM) Rec. 2/98--$1.75----$5.12 & (INFR) Rec. 3/98--$3.56-----$8.25
(CACH) Rec. 3/98--$3.25--$11.00& (KTCC) Rec. 4/98--$3.31------$7.31
(APLX) Rec. 9/98----$2.69--$26.69 & (BEAM) Rec. 11/98 $4.00----$29.38
(AVGN) Rec. 6/97---$3.75---$84.88 & (HAUP) 7/97 ----$2.88-----$51.00
(MDIX) 1/99---$.25---$5.75
(DEPC) Rec. 10/97-- $1.12--$5.25 & (AGY) Rec. 1/99---$2.25---$17.44
(ASPT) Rec. April 1999--- $6.44---$69.94 & (RPIX) Rec. 6/99---$.20--$.74
(AINN) Rec. @ $3.75 hit $13.06 (DSCO) Rec. @ $1.18 hit $8.38 (IMAT) Rec. @ $1.06 hit $4.75 (MAGN) Rec. @$1.16 hit $10.00 (FONX) Rec. @ $.25 hit $2.00
(MCTL) Rec. @ $.25 hit $1.50 & (WINR) Rec. @ $1.16 hit $6$.56 hit $5.38
For other Pages that present TRACK Record for CHEAP Investor click on these Links.
1999 a GREAT Year for CHEAP Investor Stocks!
1997 to 1999 Cheap Investor Track Record1995 to 1996 Cheap Investor Track Record
This Page Will Be UpDated as Time Permits and As The CHEAP Investor Continues to Bring Investors HUGE WINNERS $$$$ !
This Record is PROOF POSITIVE
Attempting to keep up with these stocks requires much Time, so Should you the reader desire to know where any of these stocks are currently priced then help yourself. Many may have been BOUGHT OUT and Investors made a Nice Profit. Many may have dropped back down but the fact remains that investors HAD the Opportunity to Greatly Profit from most of these Recomendations.
http://ww2.dixie-net.com/razor/page5.html
---
The Cheap Investor
Editor: Bill Mathews
Annual Subscription: $125
Media: Print
Frequency: Monthly
2549 West Golf Rd. Suite 350
Hoffman Estates, IL 60194
Phone: 847-697-5666
http://www.wallstreetharvest.com/newsletterdirectory.shtml
---
By: Zoro99
01 Jul 2002, 08:26 PM EDT Msg. 49638 of 49650
AIPN is profiled in the July issue of Bill Mathews' Cheap Investor newsletter which I received today. Mathews is perhaps the very best analyst of low priced stocks in the business with over 20 years of experience and a well documented record of success. He makes a good case for AIPN being an undervalued bargain in his current write-up. Anyone who is not a Cheap Investor subscriber can request one free sample issue by contacting Mathews and Associates, 2549 West Golf Road, Suite 350, Hoffman Estates, IL 60194. Phone (847) 697-5666.
(Emphases added)
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
St. Marks news out today
St. Marks Refinery Reaches Agreement for Disposition of Tankage At St Marks, Florida Facility
NEW YORK, Jul 1, 2002 (BUSINESS WIRE) -- St. Marks Refinery, Inc. (SMR),
announced today it has reached an agreement with the Florida Department of
Environmental Protection (DEP) regarding the disposition of petroleum product
tankage at its facility in St. Marks, Florida.
The SMR facility is undergoing the first steps of remediation by the DEP for the
clean up of petroleum contamination at the site. SMR has been presented with
documentation recently made available by the DEP that the site contains levels
of dioxin contamination here-to-fore unknown by either the DEP or SMR. SMR has
relinquished its rights to storage tanks and equipment in the area identified by
the DEP as containing dioxin above regulatory levels. This decision will allow
the DEP to continue remediation activities unimpeded.
SMR maintains its commitment to act in good faith to assist the DEP in the clean
up of the site. SMR has no knowledge what so ever of activities at the facility
that could have caused dioxin contamination, and can only surmise that such
conditions predated SMR's acquisition of the facility in late 1992. SMR received
a specific waiver of liability from the DEP for preexisting conditions prior to
its acquisition, and is currently seeking confirmation of the validity of that
waiver in Wakulla County, Florida circuit court.
SMR continues to work with the DEP in order to maintain the portion of the
facility to be utilized for asphalt distribution. The storage tankage associated
with the asphalt distribution area is exempt from state regulation, and is in
compliance with applicable United States Coast Guard regulations.
It is estimated that thorough contamination testing by the DEP of the asphalt
distribution area shall commence by no later than mid-July. A final
determination regarding the status for asphalt distribution activities at the
facility shall be made upon receipt of DEP documentation by SMR of the test
results of that area.
SMR is a wholly owned subsidiary of American International Petroleum Corporation
(OTC BB: AIPN).
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 American International Petroleum
Corporation, and SMR's, business, including those specific to this press
release, such as efforts to utilize SMR for asphalt distribution; receipt of
further DEP test results favorable to asphalt activities; and all future
business of the Company, including SMR, 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: St. Marks Refinery
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 FLORIDA
INDUSTRY KEYWORD: ENERGY
OIL/GAS
SOURCE:
St.
Marks
Refinery
Post of the week from rb
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=49273
By: carefulinvestor
28 Jun 2002, 11:33 AM EDT Msg. 49273 of 49285
(This msg. is a reply to 49238 by spinoza461.)
**** REALIST POST OF THE WEEK! ****
By: spinoza461 $$$$
28 Jun 2002, 12:51 AM EDT Msg. 49238 of 49272
Why am I still in a PARTY mood......?
Let's see now.
On 6-19-02 AIPN appeared to be falling off the table at three and a fraction.
Yesterday we closed at 7 1/2 and today some REAL INVESTORS had a chance to sell at 8 to 81/2.
We subsequently closed at 7 after a number of trades at 6 1/2.
AM I MISSING SOMETHING HERE......?
Is AIPN up nearly 100% over a week ago on no REAL NEWS ......Or has Anderson Consulting taken over my computer with the help of Rod Serling?
I do not own any "REAL STOCK" that can sustain even a 10% to 15% increase in PPS without some profit taking.
AND I CERTAINLY OWN NO STOCK THAT HAS INCREASED IN PPS NEARLY 100% OVER THE LAST WEEK.
Tell me, my fellow REAL INVESTORS......
How many stocks do any of you own (other than AIPN) that have performed as well lately?
STOP ME IF I AM IN ERROR HERE......
But it seems to me that our longtime and tiresome BASHERS failed to "PREDICT" the events of this last week.......despite their usual numerous posts.
Instead they have stumbled all over each other for days trying to regroup as AIPN moved upward and now they are once again pretending that this last week never happened.
For any REAL INVESTORS waiting for NEWS......
I HAVE SOME REAL NEWS FOR YOU!
This last week did "HAPPEN"!
PPS OF AIPN HAS NEARLY DOUBLED IN THE LAST SEVEN DAYS!
PPS may go to 2 cents per share or 2 dollars per share in the very near future......
BUT......
I can assure one and all REAL INVESTORS......
THERE IS NOT ONE SINGLE POSTER OR LURKER ON THIS OR ANY OTHER AIPN BOARD WHO KNOWS WITH CERTAINTY WHICH WAY THE AIPN WIND WILL BLOW TOMORROW OR ON ANY MARKET DAY TO COME.
My advice ......FWIW!
If you "Can't stand the heat, get out of the kitchen"!
Personally......
I have no intention of leaving the kitchen until I know for certain what JK is capable of ......WIN, LOSE OR DRAW......!!!!!
Cards anyone......?
(Emphases added)
From: http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=49238
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
From AIPN IR dept. Dodge today
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=49017
By: carefulinvestor
26 Jun 2002, 12:12 PM EDT Msg. 49017 of 49031
(This msg. is a reply to 48993 by spinoza461.)
Today's DODGE REPORT
at DOC$ AIPN board. See:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=47719
Look out for a veritable stampede of AIPN bulls in the coming days!
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=47118
VERY GOOD TIMES COMING FOR AIPN!
FWIW & IMO
Good news post from rb
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=48463
By: carefulinvestor
20 Jun 2002, 11:52 AM EDT Msg. 48463 of 48549
(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)
sniper from rb (bullish)
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=48364
By: Sniper67 $$$$$
19 Jun 2002, 12:02 PM EDT Msg. 48364 of 48387
(This msg. is a reply to 48323 by lubtex61.)
LUBETEX:
I do not visit this board every day anymore so I apologize for the delay in responding. I do try to keep up with the pertinent "chatter" but only in the evening. Lately, however, there has not been much "pertinent chatter"!
Before I answer your question, let me respond to the "apocolypse" issue and reporting of same. First, I would applaud Soup in bringing the issue to the board! DD is hard to find on AIPN these days - it is all talked out! However, a cursory reading of these two documents should have left everyone with a healthy dose of skepticism! There was nothing to this lawsuit and it is not an ongoing issue with the company.
As to SEC filings, they are the best source of "real info" - yet a company is not by SEC Regs required to disclose everything that is going on - or might be going on! I am also amused by the fact that MD talks have, for the most part, been "the real source" of info re AIPN on this board for a long time - and now all of a sudden SEC docs have become the primary believable source!
Now for your question re BF's post:
REFINERY
1. There is no crude yet! But it is available in the marketplace.
2. The refinery is not operating yet!
3. The Partner has agreed to assist AIPN in securing crude plus other financial remedies - due to the crude shortage situation!
4. Management is working diligently to obtain crude.
5. Financing supposedly has been obtained.
6. The agreement will not be announced until crude is obtained.
KAZ LEASES
1. There are ongoing discussions re 1551, principally, and 953!
2. KAZ government has shown a desire lately to obtain pieces of deals involving all leases plus requirements to spend money in-country for infrastructure, local employment, etc. I could expound on this re the Hurricane/Nelson situation - other independents in KAZ - but you might want to go to the HHLF site and read for yourself.
3. AIPN will have to give up a substantial part of its ownership for JV funding but it should wind up with at least 35% (carried interest on production)! And that is still a good deal in by book!
MANAGEMENT
1. Denis Fitzpatrick moved to the Houston office two years ago! Don't get me started on that lad!
2. Both DF and BT can quote almost instantly the number of shares being converted - MD does not have this up to date info!
3. Unless precipitated by JK, AIPN will never consider a strategy or talks with shareholders re PPS. First they don't know how and second, they do not have the Kahunas! This is not my impression of JK however based on my research into his background.
We must continue to understand (and pound into our heads) that Mike Dodge is not a good source of information. I have stated so in the past. He is a glorified IR person who is not always in the loop and also tends to talk too much! Alluding to a fact without definite support is the same as lying in my book - and I have noted several instances of such happening with MD over the past year.
Info is not flowing from the company with the same ease as we enjoyed in the past. This can be a blessing and a curse! PPS does not concern me at this point! The only factor of concern to me is whether management can secure crude and get the refinery operational. This is a must do for cash flow purposes! The real value in AIPN still lies in the KAZ leases.
Best I can do at the moment LUBTEX! I am as frustrated as you, particularly with my insight to management and history. But I continue to remain optimistic that these lads can pull off what would probably be labeled as one of the best turnarounds in history!
However, it is still - EXECUTION! EXECUTION! EXECUTION! -that matters most! That and GF staying out of the way except for occasional counsel! Replacement of the BOD would help also!
JHMO of course!
I am gone for the day!
SNIPER
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