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Gold/Mining/Energy : BPI Industries Ltd (BPR-VSE) -- Ignore unavailable to you. Want to Upgrade?

To: VIP Condo who wrote (131)	5/13/1998 6:29:00 PM
From: Francis R. Biscan Jr.	Read Replies (1) \| Respond to of 355

>>Whats your take on this losing position<< Hi, If I may butt in here ? We are seeing some flipping related to expiring warrants. There are warrants priced @$1.92C that expire on Sunday night. There are also warrants priced @$1.87C that expire next Friday, but supposedly, unlike the $1.92's, these warrants will not be flipped for the little gain that would be in them at BPR's current price level. After May 23rd, there are no more options or warrants that expire until May 22, 2001. I think this is an opportunity that will be with us for only two more days. We have, and will continue to pick away around the $2.10 level and attempt to patiently wait for what I believe will be a positive Cawley, Gillespie report. This report is necessary for serious backing to come into the BPR market, IMO. Have a good night, Rich