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 (5552)	12/15/1997 3:34:00 PM
From: Richard Babusek	Respond to of 10368

Scott, I'm not farmiliar with MVSI(W) but it sure is an interesting chart for today!! Do you have any idea how much the market cap had to be raised by their warrant call? I'm hoping to learn from this experience what to expect with my next opportunity to participate with warrants. In Bingo's situation the market cap would have to (nearly) double in a few days (39) to keep price from falling, with no obvious source for the dough. What percentage of market cap for MVSI does their warrants represent, and how long was the exercise period? Thanks, Ricardo

To: SE who wrote (5552)	12/15/1997 3:35:00 PM
From: T.K. Allen	Read Replies (1) \| Respond to of 10368

Scott: 500,000 warrants traded in the last day! I gotta wonder about that number, especially in light of some of the discussion I've heard here recently regarding exactly what gets counted in volume numbers. I am beginning to think that, in situations like this (MVSI and BNGO), what IS and what is REPORTED, may be two VERY different things. TKA

To: SE who wrote (5552)	12/15/1997 4:46:00 PM
From: Richard Babusek	Read Replies (1) \| Respond to of 10368

Scott- To answer part of my own question (what % market cap increase due to warrant exercise?) from yahoo profile & news MVSI; 1-Market cap. ~ $62M 2-5M class A Warrants @ $4 = $20M 3-82M/62M ~32% increase in market cap. since Oct.30 Somewhat different than Bingo; 1-Market cap. ~ $28M 2-3.4M warrants @ $5 = $17M 3-45M/28M ~61% increase in market cap. They both have what I would consider SHORT exercise periods, however BNGO has nearly twice the nominal market cap increase. My original question was, what % increase in market cap. would be necessary to keep price unchanged? I don't suggest these figures are accurate, just looking for order of magnitude now. What's it all mean?? Ricardo