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

To: JakeSki who wrote (6000)	12/26/1997 3:53:00 AM
From: jimmy	Respond to of 10368

>>>You base this statement on what? Fact? Guessing? Experience. >>>I think the MM's bought the warrants to covert their shorting of the common. care to guess who bought the 2.4M new shares, plus the shares that were dumped by distressed or panicked BNGO holders? >>>My original point had to with the rights of warrant holders. Ok, but that's not what you wrote.. and besides, no one was arguing about warrant holder's rights. But consider this: warrants are much different than options. many of us warrant holders acquired our warrants as a result of our participation in an IPO. Unlike a stock option expiration, a warrant call should be viewed as a stock offering - phase two of the IPO, if you will. And as with any offering, it is in the best interest of the offerer to proceed in a manner that will facilitate a 100% (or near 100%) successful offering. But of course, this point is lost on you since you maintain that there is nothing that management could have done to foster a more successful offering. >>>Warrant holders can't be loyal long term investors - it just doesn't make sense. How can you be loyal to something that will someday be worthless?<<< this is such mumbo-jumbo, condescending BS. what am I? a moron. >>>Whether or not current BNGO holders are loyal or not is anyone's guess. I wont add to the confusion by making any 'probably' statements here.<<< Oh, and I suppose reading the TA tea leaves eliminates all the guess work..