Bearcat (BEA-C) & Stampede (STF-C) Message Board

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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)

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To: Jim P who wrote (448)	3/11/1998 2:21:00 AM
From: Tommy D	Read Replies (1) of 2306

I agree with your comments and am concerned that other investors may want a higher stock price before exercising the right. With the exercise price so much higher than current market, market may just look at the intrinsic value or cost at the time of exercise. Based upon the trading of the last couple of days, the STF shares would have to be at $.385. $.43 , or $.465 assuming a cost for the rights of $.005, $.001 or $.015 respectively. Given that the company has said it will try to separate the warrants, why would anyone necessarily purchase the rights without some move by the stock into the high $.30's or low $.40's prior to exercise. It is a confusing and perhaps silly situation unless you assume information will in some manner be forthcoming. TommyD

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