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Microcap & Penny Stocks : MIDL .... A Real Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: dreamer who wrote (5921)	6/9/1999 9:25:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 7039

If I get a chance to voice my opinion I will probably vote for a higher exercise price. The warrants should be tradeable so institutions and financial people can buy them to exercise them and bring money into the company. The 9M warrants are also consider in the company's capitalization. A higher exercise price would make it especially enticing for a REAL company with the 1.3 M of CBQI as an asset base. With 9M warrants at 5.00 that would be $45M dollars that could come into the company. I have an gotten a PM telling that if they do not trade again they can still be used by arbitragers. Example if I owned 250K warrants and they were not tradeable I could go to my broker and get him to sell the common and exercise my warrants. Now if the common falls then I merely do not exercise the warrant but but the common back. Another words I have an arbitrage still. Trading or not trading. :-) GB