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Microcap & Penny Stocks : Arcon Energy .... Another Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Andrew H who wrote (164)	1/30/1998 7:48:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 626

Andrew I never trust new releases ... Heck most of the time certain information is not real clear. I hate to assume and make speculations so I have a major phone bill verifing very thing... even naysayers I check out what they said. I have been wrong before but I am human. I have stock that I have research and not doing well right now but they will. Savvy investors accumulate based on DD and very little specualtion. Problem is the waiting for the meat and potatoes to come out and convince everyone else. BTW I did the math on the 3.6 Billion coming to the balance sheet and the math did not work out. I called the company and they are looking into it. I trust nothing only the DD I do and trust me I get flamed a lot. 90 days later for those that held or accumulated I am a hero. Just a matter of doing DD and believing in what you find. SI when I do DD I generally start a thread even if one already exist because things change with these penny stocks almost monthly. Sometimes it is perceived to be bad when in reality it is one heck of a deal. After the board meeting in February I will not post on this thread because I will start another one with updated DD. Please do not take my word for anything. Check out what I post and make sure you see the potential before you buy in. I think this stock has a future and will be off this OTC very soon but that is me. The common has to hold $4.00 for 30 days I believe to get off and I see that happening especially with the small float it has. That is unless they do something to shoot themselves in the foot and cause a time factor to increase. I see very very little downside to this stock so I am very confident. BTW I do not mind the preferred being used to acquire hard assets either. Well I have rambled on enough. sorry GB

To: Andrew H who wrote (164)	1/30/1998 10:39:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 626

One other item is that when restricted shares are issued they are based on share holder equity ... Now that would mean that the shareholder equity would have to be $5.00 because (70 B x 150 = 10,500,00 shares times the shareholder equity of $5.00 = $50,000,000.00) Like I said I do the math on all news releases and I missed this point after I reviewed my posts. Hope you see how I always can tell what a company is worth. Now a shareholder equity of $5.00 x 8 = $40.00. This is my way of doing the actual price of the stock for its maximum potential in share price value. Now for the next 30-60 I would expect this stock to reach at least the $5.00. I hope this clears up how I do projections for the min. of where a stock will go. Happy Trading GB