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Gold/Mining/Energy : Black Sea Energy (BSX) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dirks who wrote (16)	8/6/1998 7:03:00 PM
From: keith massey	Read Replies (2) \| Respond to of 180

I just read Canaccords Morning Coffee today. They list BSX as presently having 55 million (.55/share) in cash and liquid assets. The numbers I posted were from their last quarter and I don't know where Canaccord got their numbers. They may have got their hands on the last quarter results that haven't been released yet. Either way the company still appears undervalued to me. I forgot to mentioned that Friedlands 34,000,000 shares are escrowed with 1/3 being released each year after the close of the initial IPO. Best Regards KEITH