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Gold/Mining/Energy : Tracer Petroleum (TCXXF)
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To: Peter G. Troyan who wrote (673)5/2/1998 9:32:00 PM
From: Saracen  Read Replies (1) of 1261
 
In regards to the WST interview - ask Tracer's IR people, and they will be able to confirm that there was a cost to the interview.

As to the $75 million cap, with 37 million shares out, I assume that you are talking about $2 per share BEFORE the reverse split. That's $20 per share after.

The reason that I bought the stock was because David Robinson was getting involved. I have invested in many deals in the past that he has been involved with, and in most cases I have done very well. Now that he is gone, I have little confidence that something significant will happen in the near term. I'm simply looking for the stock to go back to $0.25 - $0.30 (pre-consolidation), then I will be able to exit without a loss. I was thinking about averaging done, but changed my mind when I saw the proxy and the cushy compensation versus lack of shares held by management.
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