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Microcap & Penny Stocks : MIDL .... A Real Sleeper
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To: Ga Bard who wrote (5815)6/8/1999 2:44:00 PM
From: one_less  Read Replies (1) of 7039
 
I am not following you. I bought warrants because they were offered at the reduced exercise rate of $.50. These were the terms under which they were offered and sold. I did exercise some at a time when I know other people were doing the same. The arbitrage appeared to cause momentum and also damage the commons share price. They can't be raised to $5.00 unless the company or somebody wants to buy them back from me first. I bought them on these terms and have not agreed to new terms. There is the difference. They were dropped to $.50 because the company, existing warrant holders and new buyers had no problem with the terms.

I am pretty sure we will have see major rebellion here if you try to make people pay 10X what they were told they would have to pay after they have already made their purchase. Why would you of all people want to suggest opening another avenue for shareholder greivance.
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