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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals)
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To: Ga Bard who wrote (1548)5/18/1998 10:57:00 AM
From: Dowgal  Read Replies (2) of 1757
 
Gary,

There is another way to play the warrants.

I will use round figures for this:

Say you bought 50k warrants at .20

Then according to your chart you sell off 10K when they reach 2.00.

From that sale you will have $20,000.00 to exercise the balance of 40K warrants into common shares.

This gives you an average price on the common of .25

Anybody follow?

Hi all fellow MIDL shareholders. My first post on this board.
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