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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

0.0%

Jan 29 9:30 AM EST

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To: george eberting who wrote (5827)	12/22/1997 1:20:00 PM
From: Joe Master	Read Replies (1) of 10368

My guess is that 300K shares (1/10) of the total will not be converted. I think the company could have easily stepped in on Friday and bought enough BNGO to support the price and allow a total conversion to take place. I think it is short sighted of the company to stand by and lose the opportunity for the full effect of the warrant call. A more aggresive move would have facilitied the raising of an additional $1.5 million (assuming my 1/10 number is close). Why go only part way? Joe

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