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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: Vegas who wrote (1943)6/1/1998 9:33:00 AM
From: Crossy  Read Replies (1) of 4142
 
Vegas,
I meant the same. However Kurt's and Gary's concerns are valid- it would be unwise to convert too soon and it would be even more unwise to have a conversion option on the "P" before the Warrants will have been recalled. The float could trade erratic - I view this as a valid concern.

I don't fear of shorters and even less of arbitragers - if people act RESPONSIBLE and don't be sheep we would not have the 50% discount in the preferred as now.

best regards
CROSSY
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