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

To: jeffrey rainey who wrote (1190)	5/27/1998 9:12:00 PM
From: Mike Roberts	Respond to of 4142

Damn, no risk-free profit for me....After giving my brokerage the TA's number to confirm what I had told them they said the warrants could not be exercised until they were received in clearing.... With multiple market makers arbitraging, why wouldn't this close the gap? Who is holding the warrants down or keeping the common up? I'm really doubting that it's because people are not in the "know". These MM's and ourselves understand the blatant price discrepancies and they should have been brought in check as soon as ARcon signed the papers earlier today. The market makers cannot short the stock too low or the gap disappears and they lose the easy money. Can anyone figure this out? Again, WHO is keeping this stock more than .50 cents above the warrants? So far, I have not found one person in the business who could explain this....Anyone else know???

To: jeffrey rainey who wrote (1190)	5/27/1998 9:21:00 PM
From: Ga Bard	Respond to of 4142

Well shoot I guess he like my assestment of the trilogy... I guess some people are reading all the posting I have been doing. GB MIDL New Investor Information Post Message 4608046 Redundant questions: Coomon: for the price MIDL is trading at you get one security of ownweship Midland, Inc. ' Warrants: MIDLW ... They will be exerciseable after the 3 day settlement date and the TA has the resolution today. 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 Perferred : 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. Dividends: The dividend will be pay to all shares held in an account regardless of when you bought at the close of Friday May 29, 1998. If you buy at 3:59 MIDLP Friday afternoon and it is confirmed by the broker you get the dividend. DF-144: Is a real product and they have over 200 tests on it verifying the product and 3 major compnies have tested it before they came public. It has been produced, sold and even use in NASCAR. Negotiations: They are in negotations with two major oil companies as per the news releases.