MIDL .... A Real Sleeper Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : MIDL .... A Real Sleeper

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ed Hoftell who wrote (6000)	6/9/1999 7:46:00 PM
From: Whitetigr	Read Replies (2) of 7039

How about this? 1 Before the W's trade the common be increased so the W's can be exercised. 2 The strike price is raised with a 45 day window to give those that wish to exercise at the current price the opportunity. This can happen before or after it starts trading. If it happens when trading some can take advantage of the volitility of the stock for that short time. 3 After the window the new strike price becomes 5.00 or 10.00 or whatever the BOD or new company wanting to come in feels is appropriate. No matter what way it is done the common has to be increased first to make the warrants excercisable. Some will get the opportunity to load up in the 45 days while others dump and play their games. The ones that want to exercise will get their chance and if they do then MIDL will benefit from the increased cash and they will also since they will then become stockholders. If they don't exercise and they have to wait till 20.00 or whatever it becomes, it was their choice. I don't know of any fairer solution where all can benefit. That is of course if this can even be done this way. Any comments?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next