Arcon Energy .... Another Sleeper Message Board

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

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To: FARRIS who wrote (207)	2/2/1998 2:13:00 AM
From: Andrew H	Read Replies (1) of 626

>>I find it hard to believe that the big figure ($3.6 billion) is wrong.<< Eric, you can take it to the bank that the 3.6BB figure is wrong. Common sense would tell you that if the company had assets of 3.6BB, there is no way it could have a market value of roughly 18MM. The release stated the figure of $1/mcf and if they have 36 bcf and we divide by 1000 to get the mcf figure, we are left with 36mcf at $1/mcf= $36MM smackaroos. However, as some one pointed out, if they have really just added $1.20.share in assets, that's pretty good--about twice the value of the stock price.

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