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To: jim_p who wrote (82538)	12/23/2000 10:30:31 AM
From: Frank	Read Replies (1) \| Respond to of 95453

A few words on JimP: Many of you have thanked JimP for the insight on SMOP. I thank him as well since I bought 10,000 shares on his comments. But I have also been lucky enough to have interacted with Jim many times through email and fax. He regularly shares ideas with me even though I can't teach him a thing.He really has helped educate me.This thread is blessed with a number of bright minds with extensive oilpatch expertise and investing experience.Jim has these qualities and supplements them with generosity and goodwill. Jim-we all thank you for your many contributions to the thread--Frank

To: jim_p who wrote (82538)	12/24/2000 1:09:30 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 95453

Jim_p, SMOP+PEX --- Hate to throw water on the parade here but it would seem likely that the SMOP shareholders that got stock from the bankruptcy will be looking to cash out here. Since they all can't (at least half of the consideration overall must be PEX stock), then some will get PEX stock. My bet would be that these blokes would dump this stock as soon as they got it --- probably even before (i.e., by shorting PEX). Of course, if it never opens for trading (nevermind upticking) then I guess they won't be able to short it! I saw the PR before the market closed but did not have the guts to pull the trigger before seeing more details on how the merger consideration is being figured. Also, when you say that the SMOP warrants will be converted into PEX warrants are you just speculating about this or do you know this for a fact? I would think a more likely result is that the warrants will cancel @ the merger date. The merger consideration is $4.71/share and the warrant strike price is $4.21/share. PEX will likely just give every warrant holder their $.50 and tell them to go away. Jim_p, thanks also for the fine commentary here and your data. A Merry Christmas to all!