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Microcap & Penny Stocks : MIDL .... A Real Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (739)	1/27/1998 11:01:00 PM
From: grw5	Read Replies (1) \| Respond to of 7039

GB, Yeah, I really meant to address that message to the other person, but didn't notice that I posted to you until it was too late and I didn't see any need to do it over. George

To: Ga Bard who wrote (739)	1/28/1998 1:17:00 PM
From: Dusty	Read Replies (2) \| Respond to of 7039

GB, I don't know how or if this would apply to MIDLP's but, years ago I was into a penny stock (don't even remember company name now) but I had warrants, and was convinced by a "stock executive" at the brokerage that I should exercise them. I did and paid more than the stock was worth at the time. For me it was not a good move. For the brokerage and touter it was good ;~) they made a commission. I think in hind site; if the value of the stock is more than the price of executing the warrents, then it is a GOOD thing and by all means do so. If the stock is selling for less that the cost of executing the warrants DON'T do it. This is the approach I would take in the future. It is my understanding that warrants are ment to be a bit of icing on the cake for taking a chance on the stock when the company is suffering growning pains. If the company does WELL the warrents a good thing. If not then I personally would pass on them. I hope this makes sense to others and this is just my personal experience. Take it for what its worth. Just trying to add input to the warrent discussion and share a personal experience. Dusty