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Gold/Mining/Energy : $0.50 and Under *** CONTEST*** (APRIL)

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To: Ed Pakstas who wrote ()3/31/1998 5:17:00 PM
From: rustico   of 291
 
Hi Ed.

So we changed the rules on warrants, eh? Somebody doesn't want me to win that Carlson T-shirt, think I would have this month.

The objection to warrants seems to be that they go up and down !?! with the underlying stock --- say what, isn't that the idea? ... only with more leverage, especially if it's in the money. Problem is, with CVL I can't take the underlying stock because it's over $.50. I'd think people that buy under $.50 issues would jump at warrants.

No matter, I'm not ticked. Actually I am but I'll get over it. So, instead, I'll take LRC on V, today's close is $.35

Thanks for all your work on this.
Ralph
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