Arcon Energy (MIDL Presently) The Ultimate Sleeper Message Board

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

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To: Big Dog who wrote (1751)	5/31/1998 12:47:00 PM
From: Ed Hoftell	Read Replies (1) of 4142

Big Dog, I've been trying to figure a proper valuation of the warrants for months.Here are some random samples of warrant prices in MIDLW's range._______________________DVID 1.50 DVIDW .37 STRIKE 6.50 _____________ASIL 1.00 ASILW .21 STRIKE 3.75 _____________TRUC 3.00 TRUCW .43 STRIKE 6.90 Using these valuations,the strike price of MIDLW should be $5.00,not a mere .50 ---there seems to be room for a ton of blue sky value in MIDLW----not only are we in the money, we are UNDER the money! This is a give away, -------ED

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