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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C) -- Ignore unavailable to you. Want to Upgrade?

To: gamer who wrote (719)	3/22/1998 9:52:00 AM
From: Keith Minler	Read Replies (1) \| Respond to of 2306

Hi gamer, I've thought all along that the pricing of the rights was designed to tell shareholders that the value was there. Twice in the past year the ASE has made them issue statements saying that there was no reason for high volume/price runnup. Given that the ASE then approved a rights issue with warrants priced so far out of the money indicates that STF/BEA must have convinced the ASE, that they have enough in the ground to justify the high conversion prices. Until all shareholders get their information package, and we see their reaction it is a waiting game. BTW I made the observation earlier that it is in the companies best interest (and ours) to have the rights and warrants exercised. It means that; while there will be some dilution; it will, at least in the case of the warrants, be at a lot better price than will prevail for a PP. Later Keith