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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (529)	4/11/2001 6:23:58 PM
From: John Sladek	Read Replies (2) \| Respond to of 8273

Marcos, I don't think its fear of dilution - XCL's shareholders approved more shares at the last annual meeting, so this is old news. Maybe the market just took a long time to find out, LOL. XCL has raised its money privately in the past, and I think that it will continue to do so, until it does "The Big Deal". The problem I see with the Big Deal is that the major companies all have been cutting their exploration budgets to the bone, and aren't likely to be too interested in a deal until the POG recovers. Not one to be holding your breath on. It's down to $0.185, and lots of shares were available at $0.20 the past few days, FWIW. Best Regards, John Sladek