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Microcap & Penny Stocks : MIDL .... A Real Sleeper
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To: Ga Bard who wrote (5848)6/8/1999 5:40:00 PM
From: one_less  Read Replies (1) of 7039
 
<<Now one point is that the warrant holders did not exercise warrants even at .50 because of the arbitrage when this one was running like the wind. They MOMOed them period.>>

Not true.

Once again you are attributing false intentions to us. Have you any idea how that ticks people off. How do you feel when people say you did this or that because of such and such. I have seen hundreds of angry posts you wrote specifically on that subject.

Ok, so I can tell you one guy's situation that does not fit your scenario. I bought them because I could get control of a lot more shares for less money. Just like you did with the Ps. I was still buying them when they were over $.50 cents for the same reason. The commons were more expensive so I couldn't get as many. My average is about 39cents now I think. Why didn't I sell them when the price went up. I had all my money in the Ws and was waiting to get more to exercise them. I did exercise a few 4k but it was a tedious process and took days to see the results in my account so by the time I would have execised more. It was all over.

I'm pretty sure that all of the real investors would agree, not bringing them back trading is fair to everybody and leave them at the price at time of original purchase from MIDL. Some were purchased on the $1 dollar deal and some were purchased on the $.50 deal.
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