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

To: FARRIS who wrote (207)	2/1/1998 10:21:00 PM
From: grw5	Read Replies (1) \| Respond to of 626

FARRIS, I'm not sure if "mcf" means the same thing the way it is used in the press release, but it commonly means "metered cubic feet". George

To: FARRIS who wrote (207)	2/1/1998 10:31:00 PM
From: Frank Fontaine	Read Replies (1) \| Respond to of 626

Eric, The cat just said that it now understands why it's SGT. and not GEN. LOL, Frank

To: FARRIS who wrote (207)	2/1/1998 11:28:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 626

Eric I do not nor does anyone know at this point till we see what the actual figures are. Right now it is speculation but I grant you till the figures are right I do not believe we have to worry about momentum traders LOL GB

To: FARRIS who wrote (207)	2/2/1998 2:13:00 AM
From: Andrew H	Read Replies (1) \| Respond to of 626

>>I find it hard to believe that the big figure ($3.6 billion) is wrong.<< Eric, you can take it to the bank that the 3.6BB figure is wrong. Common sense would tell you that if the company had assets of 3.6BB, there is no way it could have a market value of roughly 18MM. The release stated the figure of $1/mcf and if they have 36 bcf and we divide by 1000 to get the mcf figure, we are left with 36mcf at $1/mcf= $36MM smackaroos. However, as some one pointed out, if they have really just added $1.20.share in assets, that's pretty good--about twice the value of the stock price.