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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: AL R who wrote (5544)	11/5/1998 6:17:00 PM
From: Ed Ajootian	Read Replies (1) of 24892

AL R/Share Consolidations From your experience would you say that the negative effects of a share consolidation, say 5:1, plus having a shitty chart, would usually overcome other very positive news happening right around the same time? With all due respects to the great VSE market, my impression is that the news of the company's plans to switch to a US company would be viewed as being positive by the shareholders. Benz wasn't planning to put any press releases on this but I convinced their IR guy that it is positive news and they should publicize this news. Of course in the same release they will also announce the proposed share consolidation. Sure will be interesting to see what happens to the stock after that! Benz also will be soon announcing some positive news about their debt situation, I believe. Not sure how much effect this will have. In any event, thanks for all your thoughts & advice. I've been buying this turkey like its goin' outta style for the last several weeks and I'm still not finished. It is heartening to hear that there oughtta be a lot more stock shaking loose in the coming weeks. Also between my buddies & me there is still around a quarter million $$$ out there waiting to get pumped into this turkey as soon as the stock comes onto the market. We will need all the sellers we can get in order to get our stock at a reasonable price. Today the only seller was Levesque, who is the main market maker and is on our side I'm told. This seems strange given the fact that the share consolidation is now public knowledge, the stock has a horrible chart, and we are in peak tax-loss selling season. Hopefully we'll get some sellers tomorrow.

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