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

To: Thomas L. Lewis who wrote (6140)	1/1/1998 12:47:00 AM
From: freeus	Respond to of 10368

Yahoo shows 3/16 for todays trade for BNGOW. Wierd, huh? Freeus

To: Thomas L. Lewis who wrote (6140)	1/2/1998 1:32:00 PM
From: Richard Babusek	Read Replies (2) \| Respond to of 10368

To all, Ref: warrants. I held 100 w's to the 22nd, and asked my broker to exercise them, found out today it didn't happen. Did anyone else try this? I get gratuitous answers about why. If the money is wired to transfer agent, why would they turn it down? Would they have for 10,000 warrants too? I'm still trying to learn from this experience. The mechanics of the transactions are not clear to me. If for example the last trades are short covering, who would the w's be delivered to, and what would they do with them? Do we all have equal opportunity to buy, sell, and exercise? If not why not? If this is just because of the actions of my broker, I want to know about it. PS. Although I think I was among the first to criticize the short duration of the warrant call, I think some of the hyperbole about managements inept handling of the call is over the edge. To imply that management knew, or should have known, or even wanted the share price to tank is beyond the pale. This implies that if management wanted the share price to raise or fall, they could just make it happen! PPS. If you were in the position to "probably" raise some $$ millions and had the money virtually in your pocket, would you accept the advice to not do it now, maybe everything will stay peachy? How would the cries of agony sound if the news turned sour in NC, coupled with an avalanche of short selling, that triggered a panic and the w's wound up worthless, while the company management was waiting `till later? Please don't tell me it couldn't have happen. Ricardo