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Microcap & Penny Stocks : Benz Energy (BZG.V)

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To: Ed Ajootian who wrote (18)10/26/1998 1:09:00 PM
From: johnlag  Read Replies (3) of 272
 
Ed-

Question, will Benz have 23 Million available next year? I was under the impression they had spent through most of the dough they raised thru the debenture.

As far as Prentis' cost goes, I thought he got 13 mm shares for his vend-in of Texstar. So that average cost goes way down... (1.80, I'd estime more like less than .20)

On the Oakvale dome front. Awesome discovery, no doubt. The discovery well has been screaming great production. Good luck on the Harper deepening.

As I mentioned before, there is no lack of stock to be sold - you could pick up your shares 20% less than you were paying last week. There's also going to be a ceiling at that $1.75 range IMO as the bondholders convert to get capital back.

Good Luck, John
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