Arcon Energy (MIDL Presently) The Ultimate Sleeper Message Board

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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper

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To: dreamer who wrote (1667)	5/30/1998 1:18:00 PM
From: Kurt N	Read Replies (1) of 4142

No. Once the (price of MIDLW + .50) > MIDL, it would make more sense to buy MIDL if the plan was to buy the warrant and exercise it. More MIDL would get bought as compared to the warrants, driving up the price of MIDL more than the MIDLW. At some point in time the price of MIDL > MIDLW + .50, and it would make sense to buy MIDLW. I would like an equilibriam, where the under/over-vaulued difference between the 2 is $.01-$.03. At that point there wouldn't be a significant advantage of one or the other. Kurt

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