Arcon Energy .... Another Sleeper Message Board

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Microcap & Penny Stocks : Arcon Energy .... Another Sleeper

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To: Ga Bard who wrote (201)	2/2/1998 2:05:00 AM
From: Andrew H	Read Replies (1) of 626

>>If the reserves are 36 Billion then the balance sheet would show 36 Million. 36 M / 29,034,077 = $1.23 shareholder equity If the reserves are 360 Billion then the balance sheet would show 360 Million. 360 M / 29,034,077 = $12.40 shareholder equity SO you are right I cannot see the 3.6 Billion as an viable number. I hope you can allow me the human side of being wrong. This is why I like for everyone to do their own math and DD. I appreciate your skeptical nature. HECK for all I know the none of this is right either. I do not know if I have the math right. Could be a variable that I have a decimal off one position. << Yeah, these look like the right figures, Gary. I was figuring 27.5MM shares but these look like the latest numbers. 36M seems like a far more believable figure to me--we'll see what the company says.

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