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

To: TJG who wrote (1962)	6/1/1998 10:31:00 AM
From: FARRIS	Read Replies (2) \| Respond to of 4142

All, I would like to point something out that was pointed out to me by the CEO of another BB company I have been invested in for quite some time. I think it most certainly applies here. Why are so many of you so concerned about the stock price, conversion dates etc. etc. etc? If you are an INVESTOR in this company, none of that should really matter. If you really believe that Arcon has what they say they have then you should have no concerns on earth. You should be mentally figuring out how to spend your newfound wealth a few months down the road. I, like anyone, enjoy updates and press releases and other information that comes to us -- however, at this point, I would just as soon not have any of it until the "big one" comes. We do need liquidity in this stock -- that is certainly true. Institutional investors historically stay out of BBs because of the perceived lack of liquidity. PRs and other bits of information and speculation are what give this stock liquidity. I agree that currently we have one too many classes of stock -- getting rid of the "W" would benefit us all greatly. I have done my part and began the conversion process today on my "Ws". Insofar as extending the "P" for another year and so on... Gary's point is absolutely valid... Crossey's point is almost equally valid -- but their perspectives are quite different. To a shorter term holder of the "P", moving back the conversion date is a bad thing -- it will probably cause the price of the "P" to drop. To the truly long, (I count myself and one hell of a lot of "P" shares in my account amongst this group) it is very likely beneficial to keep the "P" trading until the "W" is gone and the common holds steady above $3 for a while. I could be mistaken, but I doubt the larger exchanges will list a preferred stock, based on a common stock that does not qualify for listing. I would not. It, to me, is an interesting question. FWIW, Eric