Bid /Ask Spreads - Market Manipulation Message Board

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Non-Tech : Bid /Ask Spreads - Market Manipulation

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To: Sidney Reilly who wrote (260)	2/2/1997 9:16:00 PM
From: Jim Sanders	of 308

Bob: Exactly. These warrants may or may not be exercised. It only makes sense for the holders of these warrants to exercise them when the market price of the stock is above the strike price $5.22). As you say, if the stock price is $8.00, the holders are going to exercise the warrants, and pay the Company $5.22 for each share they are entitled to receive. It's not a great deal for the existing shareholders, but as I said, if the stock's above $5.22, at that time, I'm not going to complain because that means the stock has at least doubled since I bought it.

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