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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?

To: Clidec who wrote (855)	8/20/1998 1:44:00 PM
From: David Sirk	Read Replies (1) \| Respond to of 5908

This acceptance at this low level could be a ploy if indeed they know they have other companies that ate interested. Next offer could be from a bigger company for more money. Even if they get out bid they win because they have a large stake in the company.

To: Clidec who wrote (855)	8/20/1998 1:48:00 PM
From: Rock_nj	Read Replies (2) \| Respond to of 5908

True. They accepted the offer. I think there would be lawsuits if they took a higher offer after accepting this one.

To: Clidec who wrote (855)	8/20/1998 1:55:00 PM
From: Tom Frederick	Read Replies (1) \| Respond to of 5908

I don't recall anyone posting any specific additional buyout offers. What I do recall is some higher estimates of the real value of the properties, the resources and therefor the stock value. Unless an offer is publicized, it is just rumor. But don't stop here. Call IDCN and ask the question. Let us know what they say. Tom

To: Clidec who wrote (855)	8/20/1998 2:08:00 PM
From: Coolbreeze	Read Replies (1) \| Respond to of 5908

Even though the company accepted the offer, it is not valid(final) until an 80% shareholder approval is achieved. Until then, the company may entertain higher offers from other investment groups and relay those to the shareholders before they get their proxy vote forms. I would venture to guess that the company firmly believes that this stock will be boughtout for at least $1.00/share. JMO. Either way, if the offer of .375 falls through, we win in the long run because the company will finish their borings and have final research done by TUNS causing the true value to play a more important role in the share price ($1.00 or more). Just might take 12 months or the company may get a higher offer more like their estimate ($1.50-2.00) and we win. Or the deal goes through and we get .375/share (3 bagger minimum) and we win. It is just a waiting game now!! CB