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Gold/Mining/Energy : International Rochester Energy Corp. (T. ROH) -- Ignore unavailable to you. Want to Upgrade?


To: Ade W. who wrote (861)11/3/1999 7:19:00 PM
From: Ed Ajootian  Read Replies (1) | Respond to of 934
 
Ade,

Do you know how much of the notes will be exchanged for the $1.6 mm shares of HEC? If its the whole issue, that would mean they are accepting something like $.50 on the dollar, quite a coup for ROH!

Wondering if anyone has calc'd the intrinsic value of ROH on a best-case basis. Would seem to be well north of the current quote.