Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Florida Cracker who wrote (1085)	5/13/1999 12:00:00 PM
From: Midwesterner	Read Replies (1) \| Respond to of 1261

Cracker, Seeing is believing so let us know what you get. Funny tho that they aren't putting that out to all shareholders. I to saw a word in the press release telling shareholders what their "intention" was. That doesn't guarantee anything, only what their current intentions are. Bill Clinton has taught us about playing on words hasn't he? The statement should have been more decisive IMHO. I do have a question for you tho. With other things I read in with the proxies, can't we be "diluted to death" anyway? If everyone will read all of the enclosed material that came with their proxies, perhaps many, many red flags may go up. One of the more "minor" questions that I question is the almost $9,000 per month "lease". I thought they moved into offices which they already had in Calgary. $104,718 seems a bit excessive..... I suspect that there is still work to do here. What is your thoughts?

To: Florida Cracker who wrote (1085)	5/13/1999 3:09:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 1261

Cracker and All: Thanks for your efforts on behalf of the shareholders... Jim

To: Florida Cracker who wrote (1085)	5/17/1999 8:59:00 PM
From: Midwesterner	Read Replies (1) \| Respond to of 1261

VOTE DIRECTORS OUT!!! After going over the proxy a number of times, I'm convinced that the dilution will happen anyway without an immediate concentrated effort on the part of all shareholders right now. VOTE NO TO #6 It has come to my attention that #6 on some proxies contain different wording than others. On mine, it reads: "To approve a special resolution authorizing the Board of Directors of the Corporation at its sole discretion and authority, to acquire such properties, assets or undertakings as It determines appropriate for the company in consideration for cash and/or shares, as the board may determine, which number of shares may be greater than 20% of the Issued and outstanding shares of the Company AND MAY RESULT IN A CHANGE OF CONTROL OF THE CORPORTATION, with the shares to be issued to consist of "trading shares" or "performance shares", or a combination thereof, as the Board may determine, in accordance with the polices of the regulatory authorities, providing such acquisition is also acceptable to and approved by any stock exchange having jurisdiction." Other proxies, I understand, do not have anything about the 20% under line item #6 but do have something in the balance of the information that came with the proxies. Meaning you'll have to read everything to fully understand what it is your voting for. This is NOT a minor thing. I don't know about the legalities involved, but one has to wonder. On other proxies, there is no provision for a "write in" for a proxy holder. Only choices are David R. Robinson or David G. Wilson and no write in candidate. I am suggesting to all voting shareholders to do the following: (1) Vote "Against" for line items #5 (rollback) and #6 (enables the current board to dilute shares to the point they and their cronies will have complete control of Tracer and future votes will mean nothing) and (2) Vote "Against" Larry W. Youell, David R. Robinson, David G. Wilson, and Robert L. Fearon. Vote "For" Stephen T. Jacobs. If we are successful and remove all directors except Stephan Jacobs, a group of shareholders will announce a new plan immediately which could save Tracer shareholders from a complete loss of their existing investment. A plan that will not be forthcoming if current management stays in power. Don't loose faith now as the A.G.M. looms closer. Any lack of concentration now can crush the solidarity which we have established up to now. We must rid the board of the mistakes which have recently been made and implement a new plan of our own. Send a clear message if you haven't done so yet. VOTE "NO" TO #5 & #6 AND "AGAINST" RETAINING THE MAJORITY OF THE CURRENT BOARD MEMBERS!!