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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 (2242)6/2/1998 3:56:00 PM
From: Crossy  Read Replies (1) | Respond to of 4142
 
Gary,
interesting aspect You dug up:
"The 118,000 of Preferred 'B' (30,000 'B' Converted to 'A') are all insiders 'B' convertible to 'A' or common at any time."

This could have been the reason why they did the split on the Preferred "A". Some B were converted to A. This means the share structure was used to the directors' advantage <g>. We were not the only one to profit from the split. Thought so.. but can live with this..

regards
CROSSY

BTW: thanks for Your kind words. Sorry for my sparse posting these days but an exam will hit me on Moday and it's quite tough to prepare it right..