Arcon Energy .... Another Sleeper Message Board

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

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To: Jay Lowe who wrote (388)	2/4/1998 8:07:00 PM
From: FARRIS	Read Replies (1) of 626

Jay, Though some will disagree with me on this due to somewhat selfish reasoning (I have those same reasons, but I try to be objective) I will tell you to spend your money on the preferred (MIDLP) for $20 or less. I must say I truly believe in the company and their future and the preferred shares are a play that will not pay off unless the company goes all the way. You are buying a stock with an $8 to $9 spread -- that is ruthless. I bought 500 more today at $19 myself. It was the best of the three options based on my long term (at least through October 1998) view of this stock. You can effectively buy the common for about 2/3 of the current bid price by purchasing the preferred which is automatically converted to 35 common shares in October. Hope this helps. Eric

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