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

To: george eberting who wrote (5420)12/11/1997 10:45:00 AM
From: SE  Read Replies (1) | Respond to of 10368
 
Not to sound crass, but why should a warrant-holders poor planning be the company's problem. The time to think about funds to convert would have been before the purchase of the warrant, not after.

The biggest problem anyone has who converts is will the stock drop below $5 before --or-- after expiration of the warrants. If it will, don't pony up $5....let it drop and buy lower. If not, $5 is a good price to pay for a $5.5 stock. I know we all consider the cost of the warrants in our analysis, but it should not be. The fact is one warrant will buy you one share for $5 period. Right now that is an immediate 10% return. Either sell your warrants or convert. Those are the choices. Time spent trying to get an extension would be better off spent trying to figure out where to come up with the funds or the best possible exit strategy.

GO PACK GO!

-Scott



To: george eberting who wrote (5420)12/11/1997 11:13:00 AM
From: R. Hanowski  Respond to of 10368
 
I don't remember who brought up the MVSI situation yesterday, but it was very interesting. That is what I'd like to see BNGO do. I plan on converting, BUT as the stock approaches $5 you've got to ask youself "why bother?". As a stock and warrant holder, I'd like to see some support from the company (as MVSI did).


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