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

To: MARK R. BLACK who wrote (1722)	5/30/1998 11:06:00 PM
From: SC Anderson	Respond to of 4142

Mark, most of the recent posts are advising that the warrants be exercised as soon as possible to eliminate them so they can't be used by the MM's to short the commons. Even though you own your W's they are still available to the MM's for shorting. Many more definitive posts about the subject over the last couple of days. Suggest you spend some time reviewing earlier posts for more details and rational. Good luck, Steve

To: MARK R. BLACK who wrote (1722)	5/30/1998 11:13:00 PM
From: GC	Read Replies (2) \| Respond to of 4142

I'am going to hold onto mine until the common trades $2.50 or more for 10 days and if warrant price by any slim chance drops I'll be buying more,so as long as you have warrants in your account,brokerage houses can't loan warrants out for shorting , so all the shorting, from MM themselves .

To: MARK R. BLACK who wrote (1722)	5/30/1998 11:26:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 4142

OK, we will do this one more time. First, now that the world knows that DF-144 is for real and we have the major oil companies connection MIDL has no way to go but up. The warrants are the best buy because they are undervalued and will trail the common. Even if you but warrants up to 1.00 i don't see a downside. You can exercise you warrants any time you like and they will convert into tradable common stock in two days. You buy warrants for 1.00 and MIDL common is 3.00 (witch by the way is not very far away) You exercise the warrants for .50 and for 1.50 you have 3.00 common stock. I have 120,000 warrants. I have requested 100,000 be exercised. On Monday I will buy 100,000 more up to 1.00 Buy the warrants, exercise them, hold them for later. You will make money. BIG DOG

To: MARK R. BLACK who wrote (1722)	5/31/1998 3:42:00 AM
From: Ga Bard	Read Replies (3) \| Respond to of 4142

Now that is a fairly good inquistive post. the warrants are great buys: 1) what would you do with the warrents that you hold at .46 today ? 1.) Well you can accumulate to see if the company does define itself then exercise them once you are comfortable with the company's future potential. or 2.) buy and exercise at a cheaper price that the common which presently is a profitable scenario. 2) is their any need or value in exercising them at this point of time, and or is holding the warrents for any length of time any big deal ? Well if you buy and exercise the warrents then you are reducing the warrant float thus reducing the inventory of some to short against the common with them thus driving up the warrant and common value price. Now they say warrants are not marginable and can't be loaned out which is true but the MM can short anything that trades in the market. However the abitrating is the key. Some one can buy the warrants short down the common and then cover common then sell the warrants. now this is done basically on a daily basis and has very little risk factor UNLESS the warrants go up and the common so they cannot cover on the common and forced to exercise the warrants. Hope this helps GB