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

To: Crossy who wrote (1910)	6/1/1998 2:44:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 4142

Crossy unless you get the votes to support you and your logic .... HATE IT .. enough said. GB

To: Crossy who wrote (1910)	6/1/1998 9:06:00 AM
From: Dusty	Read Replies (1) \| Respond to of 4142

GaBard, Would YOU please explain what Crossy means by 50% discount on the preferred? I never in my life heard of preferred stock being handled in this manner. Thanks, Dusty :o)

To: Crossy who wrote (1910)	6/1/1998 9:25:00 AM
From: Vegas	Read Replies (2) \| Respond to of 4142

Finally someone with common sense! If the P don't converted will never realize the discount over the purchase of common. I think the price will never reflect 35:1 if there is no actual conversion. It seems the common will gain value until they catch the 'P' (minus a discount for the prefered dividend which the street can't value because its an unknown...) P holders get screwed. Please if I am wrong someone explain to me how we will ever keep a 35:1 price ratio without a conversion? JF