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Microcap & Penny Stocks : GW GREY WOLF -- Ignore unavailable to you. Want to Upgrade?

To: jim p. holcomb who wrote (118)12/23/1997 9:55:00 AM
From: Mr. Energy  Respond to of 444
 
I do not think that Grey Wolf would look at a dumpy fleet like Norton, but rather something more like Bayard where 75% of their fleet is deep drilling. On an asset value basis, Bayard trades at ~50% of the level that Grey Wolf does. If the stock gets above $6 I think they could pull off that acquisition. Only time will tell.



To: jim p. holcomb who wrote (118)12/23/1997 10:45:00 AM
From: Mr. Energy  Read Replies (2) | Respond to of 444
 
By the way Jim, I do not think anybody ever claimed that insiders sold "90 million shares." They did however sell $95 million worth (12.5 million shares on the last offering x $7.60 net of fees and expenses). I am curious about the shelf registration you mentioned. I looked on EDGAR and did not see one. Please let me know the date of that shelf registration, I would love to see it.


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