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

To: Dave Gore who wrote (2104)	6/1/1998 4:11:00 PM
From: Jeff Harrington	Read Replies (1) \| Respond to of 4142

Wasn't your whole thing this morning basically a complaint that you would have bought more if you thought they would convert in 1998? Sheesh... you playz yo money and you takez yo chances... JH

To: Dave Gore who wrote (2104)	6/1/1998 4:24:00 PM
From: Jay Lowe	Read Replies (3) \| Respond to of 4142

David ... new investors should ignore all the financial discussion of the stock issues and go directly to the fundamentals underlying the equity. If the fundamentals are true, then these transient price issues are irrelevant, or rather of only passing importance. New investors should do the following: 1. Read the Arcon website ... links below to the various sections 2. Read the press releases in reverse order, newest first. 3. Read GaBard's New Investor Facts, working from newest to oldest 4. Once you have an understanding of the issues, then the pricing becomes relevant. Here are the links again ... I will continue to post them every 100 messages or so. Index to the Arcon (MIDL) Website + Investor Quick Reference Sheet ================================================================= Home Page arconltd.com Press Releases arconltd.com SEC Filings arconltd.com Investor Updates (Warrant Exercise Procedure, Preferred Split Details) arconltd.com Company Operations (a "Must Read" to understand what's happening here) arconltd.com Oil and Gas Division (photos of plant) arconltd.com What is Ethanol? (worth reading carefully) arconltd.com Related News Links (Ethanol Fueled Vehicles, Tax Credit, Supply/Demand, etc) arconltd.com Arcon Executive Officers arconltd.com Financial Statements (in progress) arconltd.com OilTanking Relationship (photos of OilTanking facilities world-wide) arconltd.com Ethanol Facts arconltd.com ================================================================= MIDL Frequently Asked Questions and New Investor Information Created by GaBard (at great personal expense, which is much appreciated) Message 4585067 90% of questions asked are already answered here. Please examine before posting. ================================================================= Arcon Energy, Inc. 15303 Dallas Parkway, Suite 210 Dallas, Texas 75248 (972) 991-3200 fax (972)991-3295 WebSite: arconltd.com Transfer Agent: Signature Stock Transfer, Inc. 14675 Dallas Pkwy., Suite 100 Dallas, Texas 75248 Attn: Jason (972) 788-4193

To: Dave Gore who wrote (2104)	6/1/1998 4:56:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 4142

Ok Dave I will try one more time... 1.) there is a forward split coming into the P instead of a dividend 2.) it is a 3:2 which means you will have 3 instead of 2 on the x date 3.) there to my knowledge or as of close today no x date established 4.) the dividend is being implemented as a split for tax reasons also 5.) because they could not issue a dividend with a different legend on a free trading stock unless they set up a new ticker and market. 6.) They could not issue restricted stock on a free trading stock. 7.) They apparently did not want to make another market for the differrent legend so the dividend had to have the same legend (conversion date) as the existing. SEC rule. 8.) Apparently since there was no advantage in the legend they made it a split to save shareholders money on taxes 9.) According the SEC rules if you buy before the x date is established which as of today is not you should get the dividend. 10.) If you sell prior to the x date you will not get the dividend. 11.) All MIDLP is convertible automatically in Oct 1998 regardless of existing or new shares coming into anyones account.. Now unless I am missing something here that is my take ... The key point here is the x date until it comes through then the split has not happen yet or be activated. I could be wrong through. GB