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: okee-boy who wrote (887)	5/26/1998 10:10:00 PM
From: Charger	Read Replies (1) \| Respond to of 4142

Well, it doesnt dilute the common as the comparable shares for conversion are already in the number of outstanding shares for the common and are held in the company treasury. However, it does add to the number of free trading shares in the float, it changes that figure, rather. But hopefully, people will be holding as opposed to trading those shares and it takes away shorting ability. However, you might want to ask someone more experienced than I, in case I am the only one to respond to your post. Charger

To: okee-boy who wrote (887)	5/26/1998 10:11:00 PM
From: Triffin	Read Replies (1) \| Respond to of 4142

For anyone who cares about common / warrant arbitrage read posts #247 & #872 ..872 should read MIDL(bid) minus MIDLW(ask) greater than 0.50.. Dividend on MIDLP and who gets it..the only date that matters is the X-DIV date..which is the first day the stock trades without the dividend...if you buy @ 3:59 the day before X-Div date you get the dividend..so far no X-Div date has been set for MIDLP.. warrants are common equivalents and already in the share count..excercising kills the warrants,,provides capital to our company and adds to the float of the common... Everybody do what you want ...I'm killing as many warrants as I can...

To: okee-boy who wrote (887)	5/26/1998 10:17:00 PM
From: Kurt N	Respond to of 4142

The warrants are already factored into the fully dilluted outstanding shares, just as the MIDLP and the restricted insider shares. For each warrant exercised the company gets $.50. The common share received, in exchange for 1 warrant and $.50 will not be immediately sold (assuming warrant/common are aligned). Why?? Either it will be an Arbitrager that has been shorting the common and will use the warrant to cover their short position or a mid-long term investor. Warrant holders that want to take a profit would sell the warrant, since in theory they would get the same amount of $$. Kurt