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

To: Kurt N who wrote (972)	4/22/1998 10:24:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 1757

Gets me excited I have a major poisiton in it been accumulating for months. Every news release convinces me more more I have made an investment in a stock that is going to be unbelieveable by the end of the year. GaBArd

To: Kurt N who wrote (972)	4/22/1998 11:42:00 PM
From: Jack Phillips	Respond to of 1757

Stock dividend on the preferred..... umm frankly I can't see any essential difference between that and "splitting" the preferred stock just two ways of describing same thing would it not be ..would depend I suppose upon what terms attach eg are you imaging that every newly issued preferred stock given as a dividend would be also convertible into 35(!) shares of common, maybe with a future date further into the future....ie a "dividend" that doesn't cause the co to release cash .. but wouldn't that dilute the common.? The impact would depend upon the terms, otherwise as far as I see it it is just cutting up the pieces of paper into small pieces. No doubt I am missing something here: shall just have to wait and see.