Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Charger who wrote (844)	5/26/1998 9:09:00 PM
From: Dave Gore	Read Replies (2) \| Respond to of 4142

Great point, Charger! Thank you....that is true...if you own the W's, make sure you watch them. If they close at or above $2.50 for 10 trading days, you will need to make a decision to sell the W's, or convert to common, unless the Company decides to change this as well. You are supposed to get notified by the Company but I would rely on myslef to check it at the close each day. HOWEVER, WE REALLY NEED EVERYONE TO CONVERT THEIR WARRANTS TO COMMON ASAP after the 50 cent conversion is authorized. This will dry up the warrants and prevent the MM's from playing games, to some extent....COMMENTS? *********** charger's clarification ********* From: +Charger Tuesday, May 26 1998 8:45PM ET Reply # of 854 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 noticeFrom: +Charger Tuesday, May 26 1998