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: Kurt N who wrote (1840)	5/31/1998 9:28:00 PM
From: Ga Bard	Read Replies (2) of 4142

Glad to see we are on the same wave length. However one note of interest. With the 9M warrants exercised then the float of the common is going to go to the sum of the 2.5M out there now plus the total warrants exercised. Now I do not think all the warrants will get exercised so there is really no way of knowing what the ffloat of the common will be.. Only way is worse case senario. 2.5M + 9M - 11.5M after the warrant conversion. Now IF and I say IF we let the P convert then add another 8.4M to the common which would be 20M then. I hope everyone sees the not converting the P is such a wonderful financial move. GB

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