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Microcap & Penny Stocks : Benz Energy (BZG.V)
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To: John M. Allen who wrote (3)10/11/1998 5:14:00 PM
From: Ed Ajootian   of 272
 
John,

They've just put out a slew of releases reporting positive developments and this news has not gone unnoticed (price is up about 40% from its low). But from what I understand there is a lot more upside to this turkey.

The stock would need to nearly triple (to C$1.70) before the $30 mm in bonds they recently issued can be converted into stock. So you gotta just think of that stuff as debt at this point.

Wondering if you are still following them and what do you think at this point.
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