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

To: Midwesterner who wrote (1004)	5/7/1999 12:02:00 AM
From: drrobinson	Respond to of 1261

The solution is to complete the consolidation to preserve the listing, and then do a rights offering to (1) help the shareholders get some of their position back, at a discount to the market price, and (2) to raise some capital in the process to be able to proceed with the Sungai Gelam deal, as well as potential deals elsewhere. I cannot say it enough: No NASDAQ listing for Tracer will doom the company to failure. By voting against the consolidation, you are creating too great off a risk that the NASDAQ listing will be lost. Do you really think that this would be in the best interests of the shareholders? DRR