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

To: JakeSki who wrote (5555)	12/15/1997 3:04:00 PM
From: Joe Master	Read Replies (4) \| Respond to of 10368

I think the number of shares still held by those who cant convert is close to 1/3 the total. In addition if the price of the stock goes to less than $5 it makes no sense to convert just buy the common. I think the company must go in and support the stock price (say 200K shares) over the course of this week will keep the price at $5.50 or better and assure that the warrants will be converted. If the price would go to less than $5.00 (in the next day or two and stay there)I would estimate that only 1/3 ofthe warrants will be exercised and the company will raise only $5 million. I think this is a lot to lose. Thus if the co. spends $1.1 million now (reduce the float by 200K shares) and assure themselves of an additional $10-11 million is a good business decision. The worst result of this is that the company will be out $1.1 million and will have reduced the o/s shares by .2 million. Your comments Joe