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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 (3039)	6/10/1998 11:03:00 AM
From: Jack of All Trades	Read Replies (1) \| Respond to of 4142

Gary, I hope John has hired somebody to find a place for the shareholders meeting! I would like to get that done and over with! JeffG

To: Ga Bard who wrote (3039)	6/10/1998 11:08:00 AM
From: Dave Bissett	Read Replies (1) \| Respond to of 4142

Gary - Would you explain once again the value of the preferred's? It appears that their conversion is going to be put off if it comes to a vote. So, assuming Arcon announces some great news, i.e. JV, September production or whatever, what is the value of holding preferreds through Oct. 99 or beyond? I assume the common and perhaps warrants would jump in value but would the preferreds jump equally? I'm trying to learn because I've never been a buyer of preferreds before, and if this is too redundant I promise I'll print the post out and keep it this time(g). Thanks. DB