Arcon Energy (MIDL Presently) The Ultimate Sleeper Message Board

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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper

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To: Mark Cleugh who wrote (806)	5/26/1998 8:46:00 PM
From: Charger	Read Replies (1) of 4142

Mark - just one addition I would like to make to Dave's response to you... Yes, you can sell the Warrants at any time just like stock. However, if the common reaches $2.50 or above and closes at that price or above for ten consecutive days, then the company (Arcon) will issue a notice to the shareholders of Warrants and inform them that if they do not exercise (or sell) their warrants and convert them to common within 30 days from said notice, that they (Arcon) will have the right to buy back those warrants for a purchase price of .05, or .005, some price like that. So, planning on just hanging onto the Warrants til the year 2001 supposes that the common will not reach $2.50 and you can put them on a shelf and forget about them. I do not think this is the case. After all, common traded at $2.62 today and closed about 48% higher than Friday. It wont be so long, so say I. Hope that helps. Charger P.S. I would call your quote system and find out how to access the ticker MIDLW and MIDLP. They might have a code or something. Normally, it should not be a problem. They are not options, just stock.

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