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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: Ron Pratt who wrote (727)5/26/1998 12:40:00 PM
From: Charger  Read Replies (1) of 4142
 
"exercising" the W. means converting it to common, it does not mean simply selling it. What you have described is the simple act of selling your warrant. To "exercise" means that the shares of warrants that you hold, at the price that you bought them at, plus your contribution of an additonal .50 per warrant is delivered to the company (the transfer agent) and the transfer agent, in turn, gives back to your broker an equal amount of MIDL (common).

Charger
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