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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: Crossy who wrote (1910)6/1/1998 9:25:00 AM
From: Vegas  Read Replies (2) of 4142
 
Finally someone with common sense!

If the P don't converted will never realize the discount over the purchase of common. I think the price will never reflect 35:1 if there is no actual conversion. It seems the common will gain value until they catch the 'P' (minus a discount for the prefered dividend which the street can't value because its an unknown...)

P holders get screwed.

Please if I am wrong someone explain to me how we will ever keep a 35:1 price ratio without a conversion?

JF

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