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Microcap & Penny Stocks : Arcon Energy .... Another Sleeper

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To: Ga Bard who wrote (166)1/31/1998 12:15:00 AM
From: Andrew H   of 626
 
Smart not to trust releases. As far as the 3.6BB figure, or whatever it is, I would certainly want confirmation from an independent source rather than the company. They have some land in a good area, which they got for a song and a dance and it is worth 3.6BB (or whatever). Why am I skeptical? If they do indeed have anywhere near that amount in assets, they are certainly worth a hell of a lot more than $5/share at 27MM shares. Their refining processes are certainly interesting. Can't argue with the increase in the warrants today, though. Maybe I'll give them a call.
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