SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ABC - Abacan Resources, Nigerian Oil $$$
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Razorbak who wrote (2642)3/30/1999 9:34:00 PM
From: FoxyLoxy  Read Replies (1) of 3156
 
Mr. Craig and Razorbak:

The other thing to consider is, that with the approval of the stock consolidation, we will likely see a further slide in the stock price. I doubt that at $.20 the "market" settled in to a call price on the future of the Company. My guess is that with a rollback you will see further deterioration of the stock price. Mr. Craig made reference to not seeing how there could be much downside at current prices ($.20), but with the $1.80 formula, I wonder if that will be the case. I think this stock traded because people thought they could make money trading it. The "option" approach to valuing Abacan is just wishfull thinking in my mind. We can look at the post rollback trading if and when it occurs.

FoxyLoxy
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News