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

To: fubsy cooter who wrote (1056)	5/27/1998 2:18:00 PM
From: Charger	Read Replies (1) \| Respond to of 4142

Fubsy - W ($2.50) -your question has been answered many times, but here goes again... You can hold the warrants as long as you like, you can sell them whenever. The most intelligent thing to do is to exercise them now, get them changed into common stock now. This will help the overall stock price by removing the shortability (by MM's) as you will be removing the Warrant from the warrant float. Kill it, in other words. This way you get immediate value (from the diff. in what you pay for your W. plus .50 and the current cost of the common) and there is no more downside to that than simply holding the W. Should the price of the common get to be $2.50 and stay there for 10 days, the company must issue a 30 day notice and you must exercise within that time or risk having the company recall your warrant for .005, which they would want to do and you would not want them to do. Charger