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Microcap & Penny Stocks : Benz Energy (BZG.V) -- Ignore unavailable to you. Want to Upgrade?

To: Flea who wrote (8)	10/19/1998 6:07:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 272

Martin, Great to find another human being other than myself that actually is aware of this company! Your post is the first SI post (other than mine) in over 6 months! Today's action was quite a surprise. They are supposed to put out the test results of their Wausau well tomorrow, which will be pretty good, but nothing to pull the stock up this high, on huge volume no less. If you missed the boat, don't worry --- I would be willing to bet there will be substantiall selling on the news, especially since the next bit of news after this could very well be the announcement of a reverse stock split. Like an idiot I loaded up today -- I was one of the fools that paid $1.15 --- but when you see that their adjusted break-up value is C$3 and the average stock is trading at around half its break-up, this price doesn't look too high. Plus, they are realistically projecting to QUADRUPLE production from '98 to '99, and should generate C$.45 in cash flow for '99. I hear that there is a very big buyer lurking out there, ready to swoop up hundreds of thousands of shares whenever the opportunity presents itself. This guy will likely get such an opportunity when they announce the reverse split. Should be an interesting couple of months!