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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: Jay D. who wrote (5407)	12/11/1997 8:30:00 AM
From: george eberting	Respond to of 10368

Jay: Thanks for the input. But I believe that if enough of us make the plea, that we may be able to pursuade the Company to reconsider. At the current price, I believe warrant holders have considerable motivation to try to do something - anything - to improve things. I have no idea what kind of response I will get, but if holders of only 100,000 warrants join in, that's $500,000 that the company might not receive. But the warrant holders, collectively would only lose about $60,000 at current prices. Besides, I believe that a significant percentage of the warrants have already been converted, so the company will have funds to do deals right away. If only 25% have thus far been converted, that would still provide over $4 million to start doing deals. If 50% have been converted, that's over $8 million available. By the way. e.mails are already tumbling in. I haven't been able to read them all, yet. Also, those of you who wish to help, you may do so by posting on other forums where this matter has been discussed. You have permission to post my e.mail address and phone number. George

To: Jay D. who wrote (5407)	12/11/1997 9:22:00 AM
From: Musya	Read Replies (1) \| Respond to of 10368

Jay, I agree with you on this issue, but I do not think that all the conversion will take place at the last minute. The warrant holders turned investors will not convert at the last minute, because their broker requires them to do it earlier. There are such dates (broker deadlines) at Dec 15th, 17th, 18th and 19th, depending on the broker. So far, only E*trade (which I hate in every other respect) promissed to convert up to and including Dec 22nd. Thus, IMO, the last several days we will have primarily MMs converting the warrants they get from those who are late (missed the deadline of their broker) or waited for the last second hoping for a miracle and finaly sold to MMs to get 50 cents back for each $3-4 they invested. Musya.