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Gold/Mining/Energy : TOFF - Tatham Off-shore is surging...

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To: ROBERT CALWAY who wrote (8)6/6/1996 8:19:00 PM
From: Fred McGriff   of 67
 
Is TOFF lifting off?... What do you want to know? Robert I can tell you a couple of things about this stock only I get a little bit pissed at myself because I onnly own a thousand shares and I saw this coming. Actually stared at it while it happened. Company came out several times over the last few weeks with bankruptcy warnings but the stock didn't budge just kept moving along with this nice tight base that kept getting tighter. For the last 4 days there were hardly any trades a anything other than 1 3/8. I called my broker and bot 1000 because it looked suspscious. Asked my broker what she thought? "Oh just a high risk stock that the market maker is passing on at 1 3/8." I think the bad news wasn't so bad and someone wanted to get a bunch, we'll find out who shortly. Well what happens next turns out TOFF is eligble for Deepwater Royalty Relief on their Sunday Silence Project and maybe others. This will give them access to $$$ not previously available.
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