Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba Message Board

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Gold/Mining/Energy : Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba

CCX 17.14

0.0%

Sep 30 5:00 PM EST

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To: A. Robbins who wrote (217)	11/28/1999 5:56:00 PM
From: fivedollar	of 223

The bottom line here is the success of this rights offering. In this case the problem will be the dormancy of the company due to the lack of funds. The long term success of this company begins here with a successful rights offering. It is critical that all rights get exercised. You will need the common shares to trade at a minimum of $.08 for the rights to have any value which would be $.01. In this case, I feel that the stock needs to move to the $.10+ level to ensure all rights get exercised. The price of the short term warrants seems to give the impression that one should expect some upward movement of the stock. Some positive updates on the progress of the well will certainly maintain momentum

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