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Gold/Mining/Energy : Tracer Petroleum (TCXXF) -- Ignore unavailable to you. Want to Upgrade?

To: Hunter Trout who wrote (557)	4/4/1998 1:55:00 PM
From: Knights Bridge	Read Replies (1) \| Respond to of 1261

I see truths in your story, regarding the reverse split scenario, and indeed there are lots of examples of poor performing stocks that have undertaken the consolidation approach. I do also believe that there are some examples of successful consolidations. I was an investor with Odyssey Petroleum where David Robinson was previously the President and C.E.O. Odyssey went through a reverse split in order to both maintain its NASDAQ listing and lessen the pain of dilution as it would relate to future financing activities. The share price went from $1.50 to $4.50 per share on the consolidation and eventually rose as high as $6.00 per share, based on prospective deals that the Company was negotiating. Eventually, the share price fell back, however I do not believe that it was attributable to the consolidation, but rather to the collapse of the deals that the Company had been working on. An unfortunate risk when you are a small player in the international arena. This is a company with 49 million shares issued and outstanding. Any future financing activity will no doubt cause problems with further dilution and a lack in performance in the share price. I am willing to take a chance to clean up the current float now in an attempt to create future share holder value. My humble opinion - and it is open to debate - is that with Tracer building towards future growth, the Company would be making the right moves.