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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 (3235)	6/11/1998 10:41:00 PM
From: Netnut7	Read Replies (4) \| Respond to of 4142

Ga Bard, thank you for taking the time to explain the trilogy. I was not clear about a couple of points, 1. Not sure what an xdate is, when it is, or why the P's will be better priced after the xdate " Now after the xdate for a short period of time the P will be a great buy" Chart shows common went from around 80 cents to 2.6 (325% gain) but the preferreds went from around $17 to around 42 (247% gain) seems that the common did better. Are you saying that in the case of a buyout, the P's and W's would outperform the common, but only in that case? In my case I have 6,000 common shares. If I got bought out at 10/share that would equal $60,000. If I converted to the P right now I could get around 250 shares at around $17.5/share. If a buyout = $350/share pref that would equal 350x250= $87,000. That doesn't seem like three times more, but more non the less. Is the consensus that there will be a buyout?,Or will this stock have the chance to run over $10 before being bought out? Read something about a possible reverse split. Any comments? In such a case are the P's less affected? and/or the commons more at risk? Love this figuring out how much money we are going to make! GO MIDL!!!!! Kevin A.