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


To: george eberting who wrote (5457)12/11/1997 10:48:00 PM
From: SE  Read Replies (2) | Respond to of 10368
 
George,

I hope I am not out of line, but I don't think you get it. It does not matter when the company would have called the warrants...the result would have been the same. No matter when, the arbs and shorters step in especially on a company with a small float and drive the price down. Wait 3 months or 6 months, the price would have been hit just as hard, only from a higher base is all. The only solution to this is to get the warrant call over and move forward. If someone can find the funds in another 30, 60, or 90 days, I would assert that they can find the funds today. The real reason you would like to extend the call is to see the stock price reassure you that things are on track. If the call is extended, we will not see a true stock price until the warrant call is over, no matter what. Someone will always be willing to sell a warrant that has not been converted and the professionals will continue to make money off of those who were unprepared for the call. If I can come up with $4,000 or $6,000 in 30 to 90 days, I certainly can find a place to come up with it now. If you are confident in the stock you will find a way. If you are not, you will move on.

GO PACK GO!

-Scott



To: george eberting who wrote (5457)12/12/1997 9:40:00 AM
From: DCRich  Respond to of 10368
 
George:

Perhaps another option is to reward those whom converted warrants at $5 by giving them $1.00 rebate for each share converted since the call date. Then kick in your plan for the 30, 60, 90 day milestone for the "late" converters. Only a suggestion from an inexperienced investor

Richard