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

To: Jeff Harrington who wrote (1145)	5/27/1998 4:21:00 PM
From: Kurt N	Respond to of 4142

>>When this was first getting going last year, everybody kept saying that nobody in their right mind would exercise them, because of float dilution concerns.<< Not quite. The original plans for many were to sell the warrants, to recover the initial investment on the MIDLP and MIDL, or to sell the warrants and use the money to buy the common. At least that was my original game-plan. Lowering the exercise price changed the whole ball-game (good & bad). Kurt

To: Jeff Harrington who wrote (1145)	5/27/1998 4:23:00 PM
From: Binder	Read Replies (1) \| Respond to of 4142

LOL Jeff, when this first started getting going last year, I think you, me, and the other 4 people who owned this stock back then did indeed have that discussion. The BIG difference between then and now is the exercise price of the warrants. At 1 buck a pop to exercise, it wasn't possible to use the warrants to short the common. I may be wrong, but thats my opinion. :-) Binder P.S. - If you are mean to your sweet little puppy, named after moi, then I promise that when I die I will haunt you for the rest of your life. :-)