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


To: Gene Klein who wrote (5598)12/16/1997 12:48:00 PM
From: Musya  Read Replies (3) | Respond to of 10368
 
Gene, at the very end, the MMs will be buying your warrants (at a discount to stock-$5) and converting them to shares on their own account. THEY can do it at 4.59pm on Dec22. But they sure will make you to accept whatever price they'll want to pay you.

Musya.



To: Gene Klein who wrote (5598)12/16/1997 1:23:00 PM
From: Richard Babusek  Respond to of 10368
 
Convertin warrants-see my post #5604. Alternativly if you own shares, you can sell them as long as the price is >$5, using the cash to exercise the same number of warrants, plus cash for the amount over $5. If you have more warrants than shares you have to do this in several rounds, so start last week <gg>.

Ricardo



To: Gene Klein who wrote (5598)12/16/1997 2:22:00 PM
From: Ed Stines  Respond to of 10368
 
Gene, I am sitting on quite a chunk myself (I bought at $4 so it hurts). I have been notified by telegram, email, snail mail and voice and each time they have emphasized 2:00pm (not 3:00pm). I guess they require the 3 hours to do whatever they do. I would imagine that after the cut off time, they would take whatever time it required to do the paperwork (registration etc) on those that exercised before the specified time. Kinda like tax returns having a timestamp before the midnight deadline.

I am still waiting until Friday before determining whether to exercise or redeem.