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

To: Big Dog who wrote (1751)	5/31/1998 12:35:00 PM
From: TJG	Respond to of 4142

Dog, check your math ...If you're long, as I, then the scenario should read as follows: P share @ $22 equals 35 common or a avg price per share of approx .63. W's cost $.42 plus .50 to convert total $.92. P's save you approx. 31% net/net ..or am I mistaken ?

To: Big Dog who wrote (1751)	5/31/1998 12:47:00 PM
From: Ed Hoftell	Read Replies (1) \| Respond to of 4142

Big Dog, I've been trying to figure a proper valuation of the warrants for months.Here are some random samples of warrant prices in MIDLW's range._______________________DVID 1.50 DVIDW .37 STRIKE 6.50 _____________ASIL 1.00 ASILW .21 STRIKE 3.75 _____________TRUC 3.00 TRUCW .43 STRIKE 6.90 Using these valuations,the strike price of MIDLW should be $5.00,not a mere .50 ---there seems to be room for a ton of blue sky value in MIDLW----not only are we in the money, we are UNDER the money! This is a give away, -------ED