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


To: Jay Lowe who wrote (388)2/4/1998 8:07:00 PM
From: FARRIS  Read Replies (1) | Respond to of 626
 
Jay,
Though some will disagree with me on this due to somewhat selfish reasoning (I have those same reasons, but I try to be objective) I will tell you to spend your money on the preferred (MIDLP) for $20 or less. I must say I truly believe in the company and their future and the preferred shares are a play that will not pay off unless the company goes all the way. You are buying a stock with an $8 to $9 spread -- that is ruthless. I bought 500 more today at $19 myself. It was the best of the three options based on my long term (at least through October 1998) view of this stock. You can effectively buy the common for about 2/3 of the current bid price by purchasing the preferred which is automatically converted to 35 common shares in October.
Hope this helps.
Eric



To: Jay Lowe who wrote (388)2/4/1998 8:24:00 PM
From: Dusty  Respond to of 626
 
Sorry, Jay,

just can't resist this one...

VERY CARE FULL LEY Big Grin...

Dusty



To: Jay Lowe who wrote (388)2/4/1998 8:25:00 PM
From: Ed Hoftell  Read Replies (1) | Respond to of 626
 
Jay,
I'm buying the warrants.-----Pull up a chart on these and see how high they have spiked in the last 6 months already.
You can lock in the $1.00 a share price[which we are real close to right now] or sell them for a big profit.
Then you can buy even MORE of the common or P!
Good Trading,
--------------ED