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Microcap & Penny Stocks : ARXA International (ARXA): Rapid Expansion imminent!!!!!! -- Ignore unavailable to you. Want to Upgrade?

To: LT who wrote (464)	5/8/1999 3:23:00 AM
From: Charles Broderick	Read Replies (1) \| Respond to of 508

I really am glad to see some hard facts starting to appear, to back up the announcement....whcih will have to wait until the Edgar filing so we can read the fine print!!! I spoke to McGrath in December(I think it was) and I reported my conversation diligently, and if I was bothered to read back, which I aint, I would find that he too was diligent and straight...and the one thing he said that mattered was "wait and see, the outcome of all that's goin on will be a Nasdaq listing so we can play with the big boys" I did'nt need to put my fingers in the Wounds, to know where my money should be. Now, there are a lot of players in and around ARXA's world, who have nothing to do with threads or web trading, oilmen.. baby, that will be pumpin' big time into this little gusher, which if I read right aint' so little any more. THE BOTTOM LINE for me anyway, is: ARXA was bought for no other reason than its SEC listing, and the clean up job that was done on it by McGrath and his colleagues in the last year. The little deals they did were only to keep the company's cash flow alive and pay the bills. I doubt if ARXA's assets would represent more than 1% of the present value of what is goin' into the company now. My reckoning without seeing EDGAR, is that this is no "cheap-skate" takeover,and that it is the culmination of a year's planning. We will see a derisory bid for the balance of the shares which will be rejected,and they know this, so that they comply with statutory regulations,and once refused, the company's listing is maintained. TheSheikhsdid exactly the same in taking a controlling interest in Dragon Oil(which by the way I have sunk a lot of lolly into, because it isnow the official stock market vehicle for their oil billions, and they havent so much as moved their pecker since they did it, and at the company all time low price...stands at 18 pence sterling...so when they start shifting their assets into Dragon, the oil market will have a gusher that will make this one look paltry. I am also pretty confident that in planning this move the ARXA and Gulf management anticipated that the market would be reading the fine print, and so professional is the job done, it will shine on closer scrutiny. JMHO Rod