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

To: Ga Bard who wrote (1652)	5/18/1998 10:25:00 PM
From: Binder	Respond to of 1757

oops...I see what he was asking now... sorry for the goof. :-)

To: Ga Bard who wrote (1652)	5/18/1998 11:29:00 PM
From: Boob	Read Replies (1) \| Respond to of 1757

Common Warrants Perferred $0.50 $0.00 $17.50 Me thinks you forgot to take into consideration the dividends on the P's???? The way I see it each P is essentially worth 1.5 P's after the dividend and since each P converts to 35 common than after the dividend each P owned at this point will convert to 52.5 common...am I right on this? That would make the P's worth $26.25 when the commons are trading at .50 and $42 when the commons are trading at .80 Me thinks anyway, Boob