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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 (1858)5/31/1998 9:50:00 PM
From: Don Parker  Read Replies (1) | Respond to of 4142
 
Just a couple of quick questions.. I'm a newbie but I have read ALL the posts and have bought the "P" last week. My timing on the price was not too good as I bought on the open Tuesday and there was a frenzy at that time.
Q1 If DF-144 becomes to the industry what we all seem to agree it will, there will be a buying spree at some point that will cause the shorters to head for the barn. The magnitude of a 1B/year business will overcome at least for a time any thought of shorting the stock IMO and the price will have to reflect this as institutions start buying 500K blocks and they will. So my question is why worry about the shorts now?
Q2 Do you think that they will run a reverse split to get the price over $5 so that institutions will buy it?



To: Ga Bard who wrote (1858)6/1/1998 12:21:00 AM
From: Dave Bissett  Read Replies (2) | Respond to of 4142
 
Gary - I'm still reading the posts on this issue of P conversion, but if DF-144 is for real it really doesn't seem to me that a float of 20m commons would be a big deal. Sure it would be better to keep the common float to 11-12mil, but the effects of the dilution would be quite temporary it seems to me. Please correct this impression if I'm off base here.

DB