mxp (mesa Inc) Message Board

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Gold/Mining/Energy : mxp (mesa Inc)

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To: Pierre who wrote (358)	5/23/1997 5:39:00 AM
From: George Mc Geary	of 394

Pierre, I have concentrated on the common stock since that is what I own. Please read my prior post for a little background if you have not read it yet. techstocks.com It seems to me that if you wait to convert you will loose a 4% premium you have in the preferred stock. Also you would receive less shares if you convert vs. purchase PDP now and sell MXP now or later (your decision). 700 shares MXP pr A = 125 shares PDP common 700 x 6.50 = 4550 125 x 35 = 4375 difference 4% PDP shares at 35.00, MXP at 5.50 5.50 x 7 = 38.50 difference 10% All of the above of course is guaranteed!!! <BIG G>

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