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

To: Russell Gish who wrote (461)	5/24/1998 12:41:00 AM
From: Triffin	Read Replies (2) \| Respond to of 4142

Warrants are generally issued by the underwriter to facilitate selling a bond or prefferred stock offering..also used for difficult IPOs ..ie a "unit"..2 shares of common plus a warrant..etc. The "arbs" will exercise all the warrants in short order now that they are "in the money" IE trading at a value above the exercise price.. Jim..in CT PS..Gabard if your count on MIDLP is accurate cuz Then the thread owns more than there are!!!!

To: Russell Gish who wrote (461)	5/24/1998 1:22:00 AM
From: Ga Bard	Respond to of 4142

Blunt answers.... Exactly what purpose does a warrant serve and what is the intent of the issuing company in providing them as investment vehicles? Answer: Part #1 ... It serves to raise capital when exercised. Part #2 to raise capital. Note: This stock structure was set up by American Coffee cup a year or so ago then they went out and a reverse of New Departure came in in Oct. then a reverse merger came in in January which is Arcon. Now the stock structure is what attracted these reverse mergers. (Reverse Merger is where a public company buyout a private company and the private company takeovers the public company.) When should the warrants be exercised regarding the cuurent climate of this companys situation the past week and coming week? Answer: When ever you feel like exercising the warrant. That is an individual preference call. GB