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Gold/Mining/Energy : Eaglecrest Explorations
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To: Dave Robinson who wrote (20)10/7/1996 1:29:00 PM
From: Richard Humphrey   of 639
 
Good Insight Dave! I believe you hit the nail on the head. The only thing that may keep the stock from falling after October 15/96 PP maturity, is the fact that EEL's management may have a GOOD news release, increasing shareholder value. Who knows??
Anyways, the shares of a PP are restricted from trading on the secondary market for usually ONE year from the closing date of the PP. The non-transferable warrants are not tradable on 2nd market, and usually exercisable for ONE year after close, with a price negotiated on the current market conditions. To sweeten the POT, these warrants can be extended for another year, usually at a premium to year one. It is definitely a GOOD idea to monitor these placements, because they can very rapidly erode the TRUE value of the stock away.
Keep up the good work!
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