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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals)

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To: Dusty who wrote (1535)5/18/1998 10:28:00 AM
From: Ga Bard  Read Replies (1) of 1757
 
FOr those that do not understand what just happened here is my take.

The Warrants now being exercised at .50 is now in line with the common. SO you do a little math. A warrant is the ask plus .50 now instead of $1.00. SO that means at .20 you are buying a common at .70 and it is trading at .65. That means the common is .50 cheaper than the warrants

However the P is valued at $24.50 when the warrants are at .20 making the common worth .70.

See you have to do the math because this now just balanced out the triology.

BTW if you buy the P at $15 your AMSC is only $10 because of the dividend.

GB
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