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

To: Ga Bard who wrote (201)	2/1/1998 9:01:00 PM
From: Binder	Respond to of 626

I think that even in the worst case scenario, at $ 1.23 shareholder equity, I'm buying. It's kind of like the difference between winning $2 Million in the lottery, and winning $20 Million. The 20 would be better, but you are still glad to take the $2Mil. Errors in arithmitic happen all the time, and at least in this case, we were all able to catch it without a major flaming of anyone! There is no sense in getting too excited about it either way...we won't know for sure until a correction comes out. Even in the worst case scenario, this one will make major money and I am holding for a very long time. Binder

To: Ga Bard who wrote (201)	2/1/1998 9:53:00 PM
From: Frank Fontaine	Read Replies (2) \| Respond to of 626

Gary, Take it easy on Your self Man! It's going to be awfully hard to enjoy the outcome of this if Your walking around all slapped up. LOL

To: Ga Bard who wrote (201)	2/2/1998 2:05:00 AM
From: Andrew H	Read Replies (1) \| Respond to of 626

>>If the reserves are 36 Billion then the balance sheet would show 36 Million. 36 M / 29,034,077 = $1.23 shareholder equity If the reserves are 360 Billion then the balance sheet would show 360 Million. 360 M / 29,034,077 = $12.40 shareholder equity SO you are right I cannot see the 3.6 Billion as an viable number. I hope you can allow me the human side of being wrong. This is why I like for everyone to do their own math and DD. I appreciate your skeptical nature. HECK for all I know the none of this is right either. I do not know if I have the math right. Could be a variable that I have a decimal off one position. << Yeah, these look like the right figures, Gary. I was figuring 27.5MM shares but these look like the latest numbers. 36M seems like a far more believable figure to me--we'll see what the company says.