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To: jerryf who wrote (14127)	5/28/1998 12:11:00 PM
From: Galirayo	of 17305

Hi, Jerry. ... That was actually a Great Call. MIDLW I 1st got in at .31 cents. With the conversion factor to convert the W's to Common shares at .50 the W's should be Trading at .50 right now. The Arb is a bit out of adjustment because the SEC Papers changing the Conversion factor from 1.00 to .50 was just Rec'd by the Brokers yesterday. Paid .53 for the group of W's I bot yesterday. Still not a Bad Call if Converted and the Common price holds here. I never sneeze at 100% moves. And didn't play the Common. Ray Disclaimer: Still a Gimme at this moment given the current Spread between the W's and the Common.

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