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

To: Knights Bridge who wrote (565)	4/6/1998 10:19:00 AM
From: Jim Daly	Read Replies (1) \| Respond to of 1261

At $2.50/share Tracer will garner no more attention from the institutional and investment sector than it will at .25. Institutional Investors don't buy stocks valued less than $5.00. A lot of individual investors won't but it if it's not marginable. A 1 for 10 split won't do the job. Maybe a 1 for 20 would but I don't think that Tracer will hold the required 30 days at that level without a lot of good news. No, consolidation doesn't make sense. Finding oil (or gas) does!

To: Knights Bridge who wrote (565)	4/6/1998 5:59:00 PM
From: Patounet	Respond to of 1261

Correct me if I'm wrong but I though Tracer had issued about 12mm shares to get financial money, 3mm coming from a private company...or something like that. What I am trying to say, is that Tracer didn't have a problem to get money when needed...like now. On the V.S.E. or not Tracer is the same company in the books!! Numbers wont be changing...maybe the interest from the market, the price of the stock...but not the book value, the numbers and potential of tcxxf. Frankly, that's what really counts when you invest or lend money to a company ...no?? On another subject, if tcxxf wants to stay on the NASDAQ (get a stock price higher then a 1$) why do they want to offer a 1 to 10 revers split? Why not a 1 to 5 revers split? the price would be 1.25$ and that should be enough...enough specially when tcxxf will find oil...the REAL solution...:-) Please comment. Patrick