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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals)
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To: Binder who wrote (87)2/9/1998 6:24:00 PM
From: Ga Bard  Read Replies (1) of 1757
 
How many brokerage houses are presently looking into MIDL at this time?

We don't know how many market makers are looking at Midland at this time, but the market makers have gone from two to twelve. We don't know how many brokerage companies have associations with those.

Do they have any agreements?

We do not have any signed contracts with any brokerage houses. We do have two signed contracts with investment bankers, one being Cornerstone which is acquisition and money oriented and the other being Equity Partners, being ex-Drexel people looking to fund us with convertible debentures and the like.

Can we expect friendly market makers in the future?

Yes. We already have contact with over thirty broker-dealers.

What steps are in the works to close up the spread of the stock?

The key to that is to provide news releases on a timely basis. The strength of the octane enhancer and the Bob West field will speak for themselves.

Sorry but this was all I could get. I did receive everything else inclyding the lab and engineering reports. Again if I missed something let me know but remember this is just getting started.

Thanks

Gary

BTW I will email out the trading log today for those that want it. It was a hoot today after 3 o'clock.
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