Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SE who wrote (5415)	12/11/1997 10:16:00 AM
From: Pr-Ac Man	Respond to of 10368

I agree with Scott. I see no way that the company will extend the warrant call for the simple reason that they would really piss off their shareholders (like me) who are ready to move on. This turmoil has gone on long enough, and those invested in the company are ready for saner times. I don't mean to sound heartless, but those of you who bought warrants took a BIG risk. If you end up losing your investment, I feel for you. But that was one of the explicit warnings given to those who roll the dice on these types of ventures. My guess is that those who deal with warrants on a regular basis were out as soon as the warrant call was made. They knew that this kind of situation could develop. And the fact that so many of you have been caught off guard suggests that you probably shouldn't have been heavily leveraged in warrants. IMHO I also think Musya is right. You can try to organize. But when it gets down to the wire, it's every one for themself. And people are going to do what they feel is in their best interest. I wish you all good luck. But I don't see an extension on the horizon. PA

To: SE who wrote (5415)	12/11/1997 10:19:00 AM
From: george eberting	Read Replies (2) \| Respond to of 10368

Scott, my belief is that many current holders of warrants would find it possible to raise the funds necessary to convert if given a longer period of time in which to do so. The 39 day conversion period caught a lot of folks unprepared, so they will have to sell instead of convert. That is what has put so much pressure on the price. And, as Rod pointed out, if the warrants stay out of the money, wouldn't people be better off buying BNGO rather than coverting the warrants? George