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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (7600)1/11/1998 6:08:00 AM
From: Edward M. Zettlemoyer  Respond to of 9164
 
Larry, I see Mr Lundin as a low volume bargin hunter who ends up disappointed like the rest of us. Actually I see the accumulation by Sands as very positive as they are absorbing some of the dilution created by Reg S. This of course is under the assumption that Sands will hold for the long term. Of course, on a negative spin, after all contracts are signed Sands could dump all 9.6 million shares to drive the price of AKSEF to about 13/32nd above whale shit then turn around and buy the whole company for little more than elephant feed. After seeing the MM's in action this wouldn't suprise me. Ed



To: Larry Brubaker who wrote (7600)1/11/1998 11:50:00 AM
From: J. M. Burr  Read Replies (2) | Respond to of 9164
 
LB: I am almost positive that when Arakis bought out Khan's Sudan operation in 1993 Khan and his three buddies divided an amount of stock so that each held a percentage that did not require them to report their sales of AKSEF. Whether this changed over time I am not sure, but it is my understanding that the major reason Khan initially included his Pakistani friends on an equal basis was to avoid such disclosures. Tumbleweed.


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