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Gold/Mining/Energy : Tracer Petroleum (TCXXF) -- Ignore unavailable to you. Want to Upgrade?

To: Saracen who wrote (819)10/21/1998 8:46:00 PM
From: A. Fineigler  Read Replies (1) | Respond to of 1261
 
IMHO, the primary purpose of the reverse split was to increase the value of new issue executive stock options 10-fold, in preparation for the day they do actually strike oil. Good for the executives, bad for shareholders.

AF



To: Saracen who wrote (819)10/21/1998 9:09:00 PM
From: Hunter Trout  Respond to of 1261
 
<<But it is now trading at the equivalent of about 6.5 cents.>>

Exactly my point.

<<I think if they can just get a deal done (acquisition or whatever), then it will not matter about the reverse-split.>>

Hope springs eternal.

HT


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