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


To: Musya who wrote (5548)12/15/1997 9:06:00 PM
From: Alan Cole  Read Replies (1) | Respond to of 10368
 
This stock is falling for one reason - lots of people have to sell, buyers are in no hurry. Lots of people owned warrants who couldn't afford the consequences once the call came into place. Why do you think it fell to near nothing just as the expiraton date is here? Because this is when people REALLY have to sell. If I were a potential purchaser of BNGO since the warrant call was announced, I wouldn't have considered purchase until today. Once the warrant call expires, I'm convinced that the stock will rise (or as convinced as I can be given the uncertainties of the world today). I am converting my warrants into shares and have substantive expectations. But I guess life is a crap shoot (or maybe its a video poker game). Remember, the management of this company is compensated with shares of stock (not warrants) - and their success is more vested in the success of this company's stock than it is for most of us. If you can, I would suggest that you be patient.