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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: makin_dough99 who wrote (236)5/22/1998 1:59:00 PM
From: Dusty  Read Replies (1) | Respond to of 4142
 
Barry, Meyers probably has some of the common and preferred and is holding tightly. But, the warrants he could have bought for pennies and does not intend to exercise them so he is selling for a profit.

In the long term it will make no difference. I think that is what GaBard is trying to convey?

This stock is going to go nowhere but up so it is all a moot point.

Dusty :o)



To: makin_dough99 who wrote (236)5/22/1998 2:03:00 PM
From: Triffin  Read Replies (1) | Respond to of 4142
 
MIDL..MIDLW..MIDLP

FOR FUTURE REFERENCE

For any warrant on any stock that
is "currently" exerciseable/convertible
the following is true.

If stock (bid price) minus warrant (ask price)
is greater than the warrant exercise price..
one would immediately and simultaneously
buy warrants and short common. The price
differential above the warrant exercise price
is your profit on the transaction.

This arbitrage is not in effect for MIDL and
MIDLW at present as the warrants are not
immediately exerciseable for 0.50; therefore
the price relationship will from time to time
expand beyond the 0.50 exercise price.

Hope this clears up any questions for
this stock or any other stock with
in the money warrants.



To: makin_dough99 who wrote (236)5/22/1998 6:31:00 PM
From: Alan Markoff  Read Replies (2) | Respond to of 4142
 
Barry;

When the warrants were trading at .15 Approx; 800,000 shares were traded (warrants only moved up .0050 )and the same was occurring Meyers was selling, I consider it a gift since I accumulated a bunch. The same occurred at the .30 level today again a gift.

I love this one - just have been following the seller until he is through.

If I waited till he was through I would have missed buying warrants at .15-.16.

The product (DF-144) seems genuine, the press release yesterday added much credibility. All stocks are Manipulated thats how MM'S make their money I too have traded for many years I have my ways you have yours and I do respect you. I have been watching this Company for almost a year and lately I liked what I saw. Once a press release is issued to prove out this product its bye birdie, and I feel confidant that will happen . It seems like NASCAR circuit likes the product.