SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ga Bard who wrote (1033)5/27/1998 11:28:00 AM
From: Frank Fontaine  Read Replies (3) of 4142
 
This just came thru in My e-mail from Bob Frey:
MIDLW

MIDLW is the warrant for the MIDL common shares. They trade on the
OTCBB just as the MIDL common do. It was announced on about the 18th
of this month that the strike price would be lowered to $0.50 from $ 1.00. The
warrants will expire in the year 2001.

What this means is that for each MIDLW you own you will be able to buy a
MIDL for $0.50. The MIDL common are trading @ $ 1.375 ask by $ 1.31 bid
at the time of this writing. The MIDLW are trading at $0.53 ask by $ 0.50 bid.

A quick check of the math and you will see that the MIDLW are way
undervalued as compared to the MIDL. the MIDLW should be about $0.875
ask by $ 0.81 bid plus they should have a premium for the time you have to
exercise the warrant.

I have been buying the MIDLW.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News