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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies -- Ignore unavailable to you. Want to Upgrade?

To: Mark who wrote (191)	5/15/1999 3:36:00 PM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 318

The only thing I see they're doing that might be dilutive is the Warrants deal in lieu of payments for seismic services with Veritas, and they have the right to buy back the warrants before the warrants are ever exercised. I doubt that insiders, who control about 45% of the stock, would go along with anything too dilutive. However, when the stock is selling at a much higher price down the road, I would think a secondary offering to raise capital for the Montana holdings, etc., would be a definite possibility. At these stock prices, however, I don't thing there's any way the Millers would do a secondary offering.