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: Ga Bard who wrote (2489)	6/4/1998 10:12:00 AM
From: fubsy cooter	Read Replies (2) of 4142

Ga Bard: I don't think people not exercising the warrants can be simply stated as greed. Warrants are a way for people to buy more shares at a lower price until they have the cash to exercise them. It's much less expensive to buy a bunch of .25 warrants and wait for solid news and exercise the warrants at a profit than to buy a bunch of shares at triple the price. I personally would be doing this if I did not fear a raise in the exercise price. A company that issues warrants surely must realize this. Best Of Luck! Fubsy

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