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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: Ga Bard who wrote (1470)5/29/1998 1:57:00 PM
From: ShortThinMan  Read Replies (1) of 4142
 
Here are some facts:

May 18th news release clearly says:
"The second matter is a reduction of the exercise price of the Midland warrants (MIDLW) from $1.00 to $0.50. This brings the exercise price of the warrants in line with the common. All other conditions concerning the warrants will not be effected. As soon as the registration statement registering the common stock underlying the warrants becomes effective, the warrants may be exercised. "

Second, I spoke with Waterhouse Securities today about the warrants, and here is what I was told.

The strike price is .50 good until Aug. 14th 2001. This came from Waterhouse Securities.

I don't see it any other way, these are the facts. Until a news release comes out stating something different then its .50 strike until 8/14/2001.
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