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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (612)	4/20/2001 2:25:15 PM
From: Ronald J. Clark	Read Replies (1) \| Respond to of 206329

KB, I've been kicking around the same issue re: PEX. I wonder if the shareholders who bought SMOP on merger speculation haven't either already sold out or are intending to bet that they'll be able to get completely cashed out at $4.71/share. If that turns out to be the case, maybe there won't be a big load of newly issued PEX stock for sale after the merger is complete. Anyone else have any thoughts on the issue? Ron Clark

To: kodiak_bull who wrote (612)	4/20/2001 3:49:33 PM
From: upanddown	Respond to of 206329

KB PEX+SMOP will almost certainly have some increase in liquidity. If they issue 3 million and SMOP insiders become PEX insiders, it would probably double the float and reduce the insider holdings to maybe 2/3 from 81%. It seems that those who want cash will either sell out soon or opt for cash at the close. Those who take stock are likely to be optimistic about company prospects and prepared to hold LT so the liquidity increase may be from trading every other day to trading every day.<g> John