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

To: John Algermissen who wrote (1237)5/28/1998 10:01:00 AM
From: Mike Roberts  Read Replies (1) | Respond to of 4142
 
Well if I convert the warrants I might be tempted to sell the common shares at an instant profit on the open market, then use those profits plus the original investment to purchase more warrants.<and repeat>

What a novel way to quickly put the warrants into extinction.



To: John Algermissen who wrote (1237)5/28/1998 10:04:00 AM
From: Mike Roberts  Respond to of 4142
 
Looks like the arbitraging will dry up for a while as the profits are now 80% less than they were yesterday.

MIDL last trade 1.125
MIDLW last.......0.48


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