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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Ditchdigger who wrote (3880)12/9/2003 5:39:48 PM
From: Ed Ajootian  Read Replies (2) of 23958
 
Hello DD, I bought a little Energas (EGSR) today, it looks like they are gonna make it.

Great DD work, could you (or Scott) help me out if you would and tell me what SEC filing and page # you found the private placement in. I looked at both the latest 10Q and 10KSB and could not find it in any of those.

The 2nd year strike price on those warrants is so much higher than the initial strike that they will more than likely get exercised in the first year, which is great news. 2 million $.20 warrants with 27 million shares out is not something I would describe as "a lot of overhang".

Re: the $3 M notes, they are so far outta the money they are the same as straight debt as far as I'm concerned.

I'm still very positive about E&P companies and most of the larger companies have been bid up all to hell, so I'm looking further down the food chain.
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