Arcon Energy (MIDL Presently) The Ultimate Sleeper Message Board

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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper

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To: Ed Hoftell who wrote (476)	5/24/1998 9:52:00 AM
From: Ga Bard	Read Replies (3) of 4142

That is exactly correct. Big high profile investors have had the weekend to do the DD. Tuesday could be very interesting. Can you imagine what is going to happen when big investors step in. 1.5M common held in strong online investors (20) with 2.5M issued leaves only 1M available if the insiders sold their free trading shares. 117K (A) issued and 62K held by online investors (20) leaves only . 55K available if the insiders sold theirs. It does not matter really whether the insiders have sold or not. If they haven't then look out. If they have then we still have only minimal shares available. The warrants is the 9M dilution to the common since the exercised price has been dropped they are just like buying the common and will be used against the common the hedge with however the A has nothing to assit it. You let a high profile investors like Warren Buffet, Alfred Teo, Tom Hicks, Wayne Hyzinga, etc etc come into this stock and this one is gone. Or high profile brokerage firms like Payne Webber, Barron Chase, JC Bradford, Smith Barney and agin this is gone. GB

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