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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (1677)	5/30/1998 2:44:00 PM
From: tony	Read Replies (2) \| Respond to of 4142

iam an unsophisticated investor who got 5,000 common shs early last week at $1.75 average...have been following the thread diligently but don't have any more cash to buy more and average down..everyone's been so excited about the Ps, Ws, etc while my commons go down in value...hope you guys exercise some warrants and pull my common up...thanks for all your dd..i'm holding on to my common long term..i'll go back to being a lurker so don't penalize me for this amateurish post..am excited about the latest release..go MIDL!!what's IMHO anyway?

To: Ga Bard who wrote (1677)	5/30/1998 3:46:00 PM
From: Boob	Read Replies (1) \| Respond to of 4142

Boob you were angry about a forward split over a dividend???? No way. The company just saved you a ton of tax. Dividends are taxable splits are not. Plus instead of two differnet prefer markets you have one. I WAS angry, now I am HAPPY...in the case of the P's this is a very unique situation because the number of shares they convert to does not change so it is a very different type of split. THis is what I thought of at first: 1000 P's @ $25 = $25,000 With dividend you would now have: 1500 P's @ $25 = $37,500 With split you would not have: 1500 P's @ $16.67 = $25,000 I looked at these figures and as you can see it's a difference of $12,500 from changing from a dividend to a split..HOWEVER, after doing some calculations I eventually realized that is ONLY the short term results and in fact the SPLIT IS BETTER FOR THE LONG TERM. IMO this was a brilliant play by the company because it benefits long term holders and NOT the daytraders since you must wait to reap the rewards...since i'm holding anyway I now realize that this is by far the better deal for me....plus the tax advantages as you mentioined... Oh and a knowb day trader do not send me your supposed long because I refuse to add it to the tally ... if it walks like duck, talks like a duck ... guess what it is a duck. QUACK QUACK...WHAT ARE YOU TALKING ABOUT??? I have been holding the P's forever and DID NOT sell any into the run up above 40 like many here did nor do I have any intention of selling this one...if I were daytrading this I would have dumped into the run-up...hell I can hold a stock better than most...still have not sold a share of AVBC from a nickel but instead I have bought more in the 30cent range..this I have been holding and adding for about 8 months and if that constitutes me as being a daytrader so be it....GNNX I had accumulated in the 30cent range and sat on LIKE A DUCK for months before it finally hatched and 10-bagged etc.etc.etc. Sure I do daytrade but being the duck that I am I can know when to hold'm and know when to fold'm. This is one where I am not only holding but sitting on it waiting for it to hatch, LIKE A DUCK. If you don't want to include me in the count than so be it...I do not care what others think but I will continue to sit on it and wait for my duckling to hatch. I have no clue what I did to justify a response like that but IMO it was unneeded. Boob