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

To: Alan Markoff who wrote (1478)	5/29/1998 2:12:00 PM
From: one_less	Respond to of 4142

This Yadda is very nice, cause in the mean time there was a nice dip. And of course that means...MORE FOR ME, Yippee.

To: Alan Markoff who wrote (1478)	5/29/1998 2:31:00 PM
From: Ga Bard	Read Replies (2) \| Respond to of 4142

Absolutely ... so everyone needs to go read the registration statements of the warrants and the common for the warrants. Just looks like some Guru told Dan some stuff that he can't do. LOL Hard for me to fight a naysayer when it market ... LOL I keep telling people you should go to the SEC filings and read and understand what every says. There is a lot stuff Dam may want and may tal to shareholders about in casual fashion for feedback but a lot this stuff has to have shareholder approval. USE COMMON SENSE.. GB

To: Alan Markoff who wrote (1478)	5/29/1998 2:42:00 PM
From: Jay Lowe	Read Replies (2) \| Respond to of 4142

More warrant rumor control for the newbies ... The issue here is that there is a furor of interest over these warrants due to the recent declaration of the company to drop the exercise price 100%. Now what the company can and cannot do with the warrant conditions is controlled by the SEC by means of a specific document registered with them a long time ago (the legal act which makes the warrants a marketable security). This SEC filing gives the company the right to REDUCE the warrant strike price anytime it wants. It does NOT give them the right to increase it. The filing also allows them to redeem the warrants for a nickel if the stock price goes about $2.50 for 10 days in a row. This action called "redeem warrant" is controlled by the SEC and the company must go through an extended ritual dance to achieve it, along with plenty of required notice, which (as I understand it) must be given specifically to the registered holders of the warrants (not just published in the "Podunk Town Crier"). In other words, you'd get paper mail from your broker announcing the company;s intent to redeem and you would have plenty of time to convert the warrant to common, which would be fine, since the common would have to have been up around $2.50. One thing to watch out for is that the market could run the common up to $2.50 for 10 days, trigger the redemption process, and then drop back down. So, one of your responsibilities is to remember to exercise the warrant if the stock goes above $2.50. Hard, eh? The company has made various claims, verbally and in notifications to their transfer agent (the contractor who implements the rules). The company has certain legal liabilities having made these claims in press releases, and has even more legal liabilities when they sign off on documents with the transfer agent. So there is no bullsht going on, except the bullsht associated with the traders playing their nickel and dime games. Best o' luck to them and we'll be here long after they're gone. If you are in doubt, follow the simple rule - don't buy anything you are not completely willing to hold for 90 days or more. That will make you relatively invulnerable to the bickering and dickering.