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Microcap & Penny Stocks : Arcon Energy .... Another Sleeper
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To: Ga Bard who wrote (150)1/30/1998 4:24:00 PM
From: Andrew H  Read Replies (1) of 626
 
Gary,

New to this company. I'm sure my question has been discussed and perhaps ou would be kind enough to refer me to the relevant post. I see that MIDL has paid 50MM in preferred stock for its purchase of Arcon. Prior to this there were about 17MM shares out. Given current MIDL prices at the time of the Arcon purchase of about .50/ share, this would result in the setting aside of approximately 100MM shares of the common. Do you know if anything like this has actually happened and if so, when these shares will appear on the market? Thanks a lot.
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