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Microcap & Penny Stocks : MIDL .... A Real Sleeper
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To: im a survivor who wrote (5404)4/13/1999 5:18:00 PM
From: one_less  Read Replies (2) of 7039
 
Warrants are worth whatever the common is worth minus the fifty cents it costs to exercise them. Of course we can trade them before they are at top value just like the commons. Since the company gets 50 cents for every warrant that is exercised the company becomes more valuable as they are exercised. If all 9m were exercised today, for example, the company has 4.5m in cash revenue and we get the more valuable common stock. So, as soon as MIDL can get their value to be over 50cents, boom the company and the share holders cash in. It doesn't dilute the float any since its not new stocks; just a retiring of one type, the W's, in exchange for another type, the Common stock.

I know, you already new all that. I am holding 77K of the Warrants.
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