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

To: G. Scott who wrote (717)	5/26/1998 12:11:00 PM
From: Binder	Read Replies (1) \| Respond to of 4142

I don't think it is a good idea to make a post such as that without something concrete to back it up. Do you have a link referencing what you have said? :-) Binder

To: G. Scott who wrote (717)	5/26/1998 12:11:00 PM
From: Charger	Read Replies (1) \| Respond to of 4142

Gary posted that he had checked with the transfer agent and MIDL has done what they need to do on the paperwork end. Now the transfer agent must get it all in order, which, if I remember right, would not take too long. Here is his post: Reply # of 541 > > Kentoo ... The resolution for the news release reducing the > warrant exercise price from $1.00 to $0.50 has not hit the > Transfer Agent yet but will be there by tonight I am told. The TA > is presently ordering more certificates and Tuesday you can > exercise the warrants. Just a bit of a delay because of the > resolution not being there. This is a new transfer agent. Charger

To: G. Scott who wrote (717)	5/26/1998 12:15:00 PM
From: James Mitchell	Respond to of 4142

Right now, as I understand it, you can convert the warrants today, the strike price being a dollar. The value here is they are going to reduce the strike price to .50 The $64,000 question is, when is the sec paperwork going to be done allowing us to convert for .50 plus what you paid for one share. From what I understand, you shouldn't even need to convert your shares when this happens, just trade the warrants, as the warrant price will rise to meet the common due to new, attractive warrant terms. When will the new terms be implemented? Will the common hold/rise in price. These are the questions.