Tracer Petroleum (TCXXF) Message Board

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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: Knights Bridge who wrote (556)	4/5/1998 8:53:00 PM
From: P_Dalton	Read Replies (2) of 1261

Seems you approve of Tracer's move for a rollback. However using your own words, I would like to point out the circumstances which seem to be alike. They went post split from $4.50 per share to $6.00 based on "prospective deals". Then as those deals did not materialize, dropped back to a current pre-split value of about .375 cents per share. That's a 75% loss in valuation. Compare that with Tracer's 7/32 bid, this stock could drop to 1/16 or less and that's 6 cents per share in comparision. "I was an investor with Odyssey Petroleum where David Robinson was previously the President and C.E.O. Odyssey went through a reverse split in order to both maintain its NASDAQ listing and lessen the pain of dilution as it would relate to future financing activities. The share price went from $1.50 to $4.50 per share on the consolidation and eventually rose as high as $6.00 per share, based on prospective deals that the Company was negotiating." I say, show us the deal first. Base the rollback on a deal for a producing property then do and announce both at the same time. We don't know exactly what Tracer is working on, but if they announce a rollback without good news, this stock is going to be decimated. (if you can imagine that) They have been working on aquiring properties for over a year now. We are still nowhere. The current price of the stock tells you investors are losing confidence with management's ability to get the job done. I'm worried that this may be a desperation effort to buy some time, at the shareholder's expense. Or could it mean something else. Perhaps someone might like to buy a lot of cheap stock??? Who might profit from this?? A stock that I've been involved in for a long time, ATEC Group (ATEC) is rated as a buy on VectorVest with a 36% growth rate. They were about $1.87 when management decided to do a rollback of 1 for 5. That put them over $9.00. They are a good growing company which are also getting into Y2K work. The stock went from over $9.00 to around $3.50 before closing Friday around $6.00. Their quarter over quarters show a tremendous increase and they are setting records. Still most think they made a serious mistake with a roll back. I agree. I hope Tracer doesn't make the same mistake as they don't have a 36% growth rate. I for one still am researching Mr. David Robinson and want to know more about him. Why has this rollback come up right after he becomes a director? Why has each company he's been with previously done a rollback? I have asked this group recently about him, but haven't had much response. Can you tell me anything about him?

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