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 12:24:00 PM
From: Harry_Behemoth	Read Replies (2) of 4142

Ga Bard- I don't follow your reasoning. -MIDLW cost $1 to convert. Price X fair price per warrant. -Arcon says OK, can convert for $.50. Press release infers permanently. Price Y fair price per warrant. Ideally, Y = X + .50, but since MIDLW was out of the money, Y = Z - .50, where Z = common price. -People buy a ton at price Y. Some converted to common, some held. -You think it's fair for Arcon to say SORRY, WE'RE RAISING IT BACK TO $1? NO WAY. Who in their right mind would buy ANY warrant if the terms can be manipulated day to day? How can a fair price be set?? And what's with the "greedy" comment. Investing is amoral. We all want to make money! Best Regards, The Rookie

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