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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals)
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To: Triffin who wrote (754)4/15/1998 9:34:00 PM
From: Ga Bard  Read Replies (1) of 1757
 
The only people that own B stock is Dan Fisher and John Spriggs. MCAndrews I do not like and I know what he has been saying and most of it is nothing but a bunch of BUNK. I do not even talk to the man because personally I have never seen an IR that sounds constantly like he wants to tank a stock.

MIDL has sold restrictedA to the sum of $495,000.00 (33,000 shares) from their treasury so this is not a dilution of Outstanding or float. Also this was sold to high profile sophisticated or institutional investors. NO STOCK HAS BEEN SOLD TO A MARKET MARKERS and NO FREE TRADING STOCK HAS BEEN SOLD. Also there will be no more offerings of A or any kind unless it is a registered issue, PERIOD. The 10K is due out in the next week or ten days.

If you reveiw the full dilution of 29M OS you will see they have plenty of treasury A they could sell which is what McAndrews is talking about but he always confuses it with the B and its in the treasury already just own by the company. I heard once he was (Note: HE WAS which is BS). That MORON can;t sell nothing the BOARD has to approve Treasury stock. PLUS he stated once 880,000 which I don't know where he got that number found.

Total dilution is 29M as it was months ago.

Hope this helps

GaBArd

I HATE that guy and I refuse to talk to him also. He is a North Texas Lease Salesman now those that know that term know what I am say. These guys look like evangelists and talk like Used Car Salesmen. Half the time they have everything so confused I am surprised anyone would buy this stock.
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