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

To: Saracen who wrote (684)	5/4/1998 7:09:00 PM
From: Jim Daly	Respond to of 1261

One thing you have to remember is that a company is only as good as its borrowing power. Tracer has between 1/8 and 3/16 borrowing power, with bad news. No one likes to loan money to someone that needs it. After the reverse split the company will appear , and I stress the word appear, to be in better position to repay the debt. I know that's not rational but it is reality. With a higher share price and a NASDAQ listing Tracer (Jacobs) will be in a position to take advantage of the increased buying power. Then Tracer will rise or fall based on the actions on management Pay no attention to the man behind the curtain. Jim