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Microcap & Penny Stocks : MIDL .... A Real Sleeper
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To: Ga Bard who wrote (2200)7/9/1998 9:04:00 PM
From: Frank Fontaine  Read Replies (2) of 7039
 
Gary, This is not meant as a flame to anybody. I think what We have is a classic case of people buying securities with out fully knowing what they are doing. Warrants are not stock. Warrants are only a right to do something. In this case the warrants are a right to convert to common shares of stock at a given price. Nothing more. Warrants are different for almost every company. It depends on the designation at the time the warrants are issued. Again, Warrants can be bought and sold but they are not stock in a company. Only a right to do whatever their designation was at issue.
Frank
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