Value Microcaps Motherboard

[Bobwins]

Maybe this is why Txco was so strong on a weak day for Oil.
Bobwins was puzzled but Bobwins is puzzled a lot. Bobwins read this and said hmmmmm....and then WOW! this could be good for the stock! Apparently somebody thinks Txco is undervalued! Bobwins knew this but Bobwins knows a lot! Bobwins


Third Point Plans To Replace Half Of TXCO Resources' Bd >TXCO

Nov 28, 2007 18:07:19 (ET)



Third Point LLC, a hedge fund headed by activist investor Daniel S.
Loeb, on Wednesday reported an 8% stake in TXCO Resources Inc. (TXCO)
and said it intends to nominate candidates to replace half of the oil
and gas company's board.

In a filing with the Securities and Exchange Commission, Third Point
said it has concerns about management's ability regarding development
projects.

The hedge fund said it hopes that its three nominees, if elected,
will have substantial influence on board decisions, including key
decisions on projects.

Third Point said it may also communicate with other shareholders
regarding TXCO Resources' operations, strategy, management, capital
structure and strategic alternatives.

Third Point reported holding 2.75 million shares of the San Antonio
company, all of which were bought Nov. 2 and Wednesday at prices from
$11.40 to $13.86 a share, according to the SEC filing.

Shares of TXCO Resources closed Wednesday at $12.20, up 77 cents, or
6.7%.