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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

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Jan 16 9:30 AM EST

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To: Jay D. who wrote (5407)	12/11/1997 9:22:00 AM
From: Musya	Read Replies (1) of 10368

Jay, I agree with you on this issue, but I do not think that all the conversion will take place at the last minute. The warrant holders turned investors will not convert at the last minute, because their broker requires them to do it earlier. There are such dates (broker deadlines) at Dec 15th, 17th, 18th and 19th, depending on the broker. So far, only E*trade (which I hate in every other respect) promissed to convert up to and including Dec 22nd. Thus, IMO, the last several days we will have primarily MMs converting the warrants they get from those who are late (missed the deadline of their broker) or waited for the last second hoping for a miracle and finaly sold to MMs to get 50 cents back for each $3-4 they invested. Musya.

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