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

To: Mark Cleugh who wrote (806)	5/26/1998 5:28:00 PM
From: campe	Respond to of 4142

typing MIDLW should work fine... quote.yahoo.com

To: Mark Cleugh who wrote (806)	5/26/1998 5:35:00 PM
From: Wayne Rumball	Read Replies (1) \| Respond to of 4142

There is a ton of DD here, please read it. Exercise price is 0.50 up to 2001, or until stock reaches 2.50 for 10 days straight. Too bad we aren't trading options here. never saw one priced 0.50 below the stock. Actually I can't remember a warrant so deep in the money for so long. Where's Dave Gore I got a question he can answer... Too many messAGES IN MY BOX, I can get to what I wanted to do

To: Mark Cleugh who wrote (806)	5/26/1998 8:31:00 PM
From: Dave Gore	Read Replies (1) \| Respond to of 4142

MARK....warrants are a lot simpler to understand than stock options. They trade just like stocks and if you can;t get a quote, it is probably because your quote service does not do warrants. That is weird, because my Discover Brokerage does and I think Freerealtime does too. www.freerealtime.com Regardless, the warrants: EXPIRE in 2001 (so no problem there) EXERCISABLE at 50 cents (recently reduced from $1.00) That is great news as now the warrants should trade within 50 cents or so of the common, at least after the registration paperwork is completed....very soon....exact date not known since the SEC is +/- a few days, it seems. Now....you never have to exercise or convert your warrants.....just sell them at some point like you would a stock, at least before the expiration date in 2001. BUT I hope you give this stock time to realize its full potential....this is not a daytrader stock, IMO, at least to realize your full gain, which could be amazing down the road a bit.

To: Mark Cleugh who wrote (806)	5/26/1998 8:46:00 PM
From: Charger	Read Replies (1) \| Respond to of 4142

Mark - just one addition I would like to make to Dave's response to you... Yes, you can sell the Warrants at any time just like stock. However, if the common reaches $2.50 or above and closes at that price or above for ten consecutive days, then the company (Arcon) will issue a notice to the shareholders of Warrants and inform them that if they do not exercise (or sell) their warrants and convert them to common within 30 days from said notice, that they (Arcon) will have the right to buy back those warrants for a purchase price of .05, or .005, some price like that. So, planning on just hanging onto the Warrants til the year 2001 supposes that the common will not reach $2.50 and you can put them on a shelf and forget about them. I do not think this is the case. After all, common traded at $2.62 today and closed about 48% higher than Friday. It wont be so long, so say I. Hope that helps. Charger P.S. I would call your quote system and find out how to access the ticker MIDLW and MIDLP. They might have a code or something. Normally, it should not be a problem. They are not options, just stock.