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

To: Musya who wrote (5553)	12/15/1997 2:43:00 PM
From: JakeSki	Read Replies (1) \| Respond to of 10368

It sure would be nice to know the distribution of the outstanding BNGOW. If most is in the hands of MM's who are waiting for the last minute to convert (they might as well wait - I would), then things are probably OK. I would hope that there are not a lot of people in 'Jack's' position - speculators who bought BNGOW looking for the quick buck, then getting caught holding the bag. I confess that I almost was in this group, but I decided to come up with the cash to convert my speculative position. It hurt a bit, but I would rather have 500 shares at BNGO at a basis 6 1/2 with the current price at 5 than have 500 shares of BNGOW worth 0 at be forced to take a loss. At this point, there really isn't any room left for BNGOW to go - It could go to 0 I guess, but that wouldn' be that much more of a move. As far a the company buying BNGOW (ala MVSI), this would seem like a goodwill gesture only, as they will get all the warrants for 'free' next week anyway. The only reason I see for the company to start buying back warrants would be to spark a rally, and show support for the shareholders. I have to think that most of the outstanding BNGOW is held my MM's. I don't know why I think that - I just do. -- GeorgeP