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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals) -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (754)	4/15/1998 6:47:00 PM
From: Joe Copia	Read Replies (1) \| Respond to of 1757

That is a Gabard question !! joe PTG&LI !!!

To: Triffin who wrote (754)	4/15/1998 9:34:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 1757

The only people that own B stock is Dan Fisher and John Spriggs. MCAndrews I do not like and I know what he has been saying and most of it is nothing but a bunch of BUNK. I do not even talk to the man because personally I have never seen an IR that sounds constantly like he wants to tank a stock. MIDL has sold restrictedA to the sum of $495,000.00 (33,000 shares) from their treasury so this is not a dilution of Outstanding or float. Also this was sold to high profile sophisticated or institutional investors. NO STOCK HAS BEEN SOLD TO A MARKET MARKERS and NO FREE TRADING STOCK HAS BEEN SOLD. Also there will be no more offerings of A or any kind unless it is a registered issue, PERIOD. The 10K is due out in the next week or ten days. If you reveiw the full dilution of 29M OS you will see they have plenty of treasury A they could sell which is what McAndrews is talking about but he always confuses it with the B and its in the treasury already just own by the company. I heard once he was (Note: HE WAS which is BS). That MORON can;t sell nothing the BOARD has to approve Treasury stock. PLUS he stated once 880,000 which I don't know where he got that number found. Total dilution is 29M as it was months ago. Hope this helps GaBArd I HATE that guy and I refuse to talk to him also. He is a North Texas Lease Salesman now those that know that term know what I am say. These guys look like evangelists and talk like Used Car Salesmen. Half the time they have everything so confused I am surprised anyone would buy this stock.

To: Triffin who wrote (754)	4/15/1998 11:09:00 PM
From: Joe Copia	Read Replies (2) \| Respond to of 1757

From a GaBard post: Here are the totals for calculating fully diluted shares from the 8-K plus the last transaction for Arcon minus the returned shares of New Departure: : 2,575,217 Common ( 1.6M insiders / 975,217 Free trading. ) 4,108,860 Dilution from Series A ( 117,396 ) 54K in MILDP Float 22,350,000 Dilution from Series B ( 149,000 issued to date ) ---------- 29,034,077 fully diluted common shares as of today MIDLP = preferred 'A' the other 63,396 are held by the company which are restricted for another year and 6 months before be able to convert. The 'B' are all insiders and have a 2 yr restriction before they can be converted (self imposed) THEN another 2 yr restriction before they can be traded after that. Again insiders and SEC rules and regulations apply. MIDLW are warrants that allows the holders to exercise I guess at anytime to purchase 1 share of common stock for 1 dollar, expiration 2001; Target - $2.50 or higher for ten trading days; After target is met company can recall all warrants for .05 cents I believe. Note: for every warrant exercised the company will get $1.00 for each share exercised and the warrant market is done away with. ME I am playing the warrants for momentum only. I have NO intention of exercising them. Can not guess on the dilution factor at all till the warrants are exercised. So in Oct of 1998 this year the MIDL float will dilute to the 2,575,217 plus 1,890,000 (54x35 MIDLP) = 4,465,217 minus the insiders 1,600,000 = 2,865,217 free trading float. No other dilution I know of till Oct 1999 which is where the other 63,396 preferred A converts which will dilute another 2,218860 making the float 6,684,077minus insiders 1.6M = 5,084,077 Free Trading in OCT 1999. Hope this clears up what you were asking. Joe PTG&LI !!!