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

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To: Crossy who wrote (814)5/26/1998 9:56:00 PM
From: Ga Bard  Read Replies (1) of 4142
 
1) MIDLW : do You know when precicely when the reduction in exercise price to $0.50 will take effect, when the conversion period will start and whether the old $2.50 ceiling was wiped out, replaced or made mandatory ?

Answer: the TA is saying now today. Your broker has to handle that for you.

2) MIDLP : question here is the settlement period. If one bought MIDLP say tomorrow or Thursday. Does he qualify for the dividend ? What can such a person do to qualify ?

Answer: if you have P in your account on the close of May 29, 1998 then you get the dividend. The DTC will have that on their DTC report.

In the next month or so people are going to be as they have since I started accumulating the P regret they did not go long on the P .. Once a JV or deal is done with a MAJOR corporation then guess where the instituional buying is going to go?

GB
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