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

To: Mike Roberts who wrote (724)5/26/1998 12:43:00 PM
From: RavMan  Read Replies (1) | Respond to of 4142
 
Mike;
According to this warrants can be exercised anytime.
(price of warrant + .5) < (price of MIDL)

THe following is stated at the starting of the MIDL thread.

MIDLW are warrants that allows the holders to exercise I guess at anytime to purchase 1 share of common
stock for 1 dollar, expiration 2001; Target - $2.50 or higher for ten trading days; After target is met company
can recall all warrants for .05 cents I believe.

Ok the last news release changed the exercis price from $1.00 to .$0.50.

Rav



To: Mike Roberts who wrote (724)5/26/1998 3:49:00 PM
From: Ga Bard  Read Replies (1) | Respond to of 4142
 
Well maybe they do I dunno but I know the drop in exercise price was to make them extreme active ... You can buy the common cheaper than the common reducing the float ... Where the P is the ticket for the long haul... Once people really start to see this is a real deal they are going to regret the dip today. It is going to get interesting and I am in no hurry.

GB


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