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

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To: Dave Bissett who wrote (815)	5/26/1998 10:49:00 PM
From: Ga Bard	Read Replies (1) of 4142

Ok ... Would you explain (perhaps again) what this means and why it's so...is it because of the reduction in float? Answer: Exercising the warrants serves the following reasons... 1.) It reduces the float of the warrants limiting the amount available to arbitrage with. 2.) Once exercised any short position and we all know there are always short positions on OTC stocks, those positions will have to be covered. Also, when would one want to exercise the warrants? Answer: that is a judgement call on each investor Someone earlier said they're good until 2001 or the co. can call them if the common price stays above 2.50 for 10 days. Answer: that is correct. However to hold them in your account they can be shorted against Anything preventing one from NOT exercising the warrants for, say, 12 months as the common appreciates? Answer: I guess nothing really except the target price with time variable and fear of a recall. GB

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