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

To: Mr. Jens Tingleff who wrote (966)5/27/1998 2:07:00 AM
From: Ga Bard  Respond to of 4142
 
Ok you buy the warrant for the warrant price .. then you pay an additional .50 to exercise it ...

Example: warrants is .56 plus the .50 exercise = $1.06 AMSC

with the common at $1.46 you made a .40 gain on your investment, plus you reduced the float of the warrants.

GB

MIDL New Investor Fact Post

Message 4585067



To: Mr. Jens Tingleff who wrote (966)5/27/1998 2:07:00 AM
From: FARRIS  Read Replies (1) | Respond to of 4142
 
The change may or may not be effective from $1 to .50 as of today. (I will not bother with all of that) The change will occur any time now if it has not already. If you buy the warrants today and convert today you MIGHT pay $1, but if you hold for a "certain amount of time" you will be able to convert for .50. I am under the impression the change has happened based on one of Gary's posts, but I will not pretend to know it for a fact.



To: Mr. Jens Tingleff who wrote (966)5/27/1998 2:13:00 AM
From: Ga Bard  Read Replies (1) | Respond to of 4142
 
MIDLP ... You buy the P for $26.50 you are buying 35 shares of common for an AMSC of $0.77 however you add in the dividend of 50% you will get a half a share of P which equates to 17.5 shares of common.

Example: 100 shares of P @ $26.50 = $2,650.00 = .50 AMSC

For a long term hold and capitalize on the stock to the max degree this is the buy. Of course it is a long term hold because the existing trading P is Oct 1, 1998 which will automatically convert in your account where the dividend will not but it will convert on Oct 1, 1999.

hope this helps

GB

MIDL New Investor Fact Post

Message 4585067



To: Mr. Jens Tingleff who wrote (966)5/27/1998 2:18:00 AM
From: Ga Bard  Respond to of 4142
 
Now if you go to the New investor fact post you find the trilogy chart.

Message 4507534

This is which ever of the trilogy is in the lead the other two are undervalued.

Example: if the common is trading at $1.00 then the warrant will be undervlaued at any price below $0.50 and the P will be undervalued at any price under $35.00 but if you consider the dividend the P is undervalued at any price under $52.50.

GB

MIDL New Investor Fact Post

Message 4585067


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