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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: Ga Bard who wrote (256)5/22/1998 2:48:00 PM
From: Oscar  Read Replies (1) of 4142
 
This W business is just the tip of the iceburg, Bard. Just think about it. Right now with the Ws you can buy the common for 89 cents including the 50 cent exercise price, which is a solid 10 per cent discount on the common which is .97 x 1.03. Sure, people can daytrade that and the MMs can use it to cover past or present shorts on the common. Today.

But a lot of investors are buying these Ws too, and once they start to exercise by paying their brokers, having the brokers DTC the transfer agent, and having the common shares DTC'd back from the company treasury to the brokers/, what are we talking about? It seems to me we are talking about is MAJOR VOLUME COMING OFF THE TABLE. Maybe I am wrong, but I have a feeling that could drive this thing sky-high.

You let me know if I have got something backwards here, and thanks for looking into this one way back when. It's a nice company to own, and people who think they are winners by slicing off 20 or 30 per cent today are gonna be crying later.

Oscar
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