L.C., ....After the dust settles the historical perspective of PKD valuation will prevail. Book Value: $4.40 a share as of 06/30/99
Average Book Value from 1992-1998: 1.8 times Book Value
Range of Book Value: 0.81 to 2.90 times Book Value
Fair Price based on Book Value: $ 7.92 per share
Ranging from $3.564 to $12.76 per share.
We are close to the low end of the valuation, therefore I'm staying with it because I never used Government data, or supected manipulated data data to make decisions, rather use historical price market data, that includes the summation of all opinions.