PERL (Perle Systems) -networking products for eBusiness Message Board

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Technology Stocks : PERL (Perle Systems) -networking products for eBusiness

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To: Dekoot who wrote (135)	12/16/1999 2:32:00 PM
From: allen menglin chen	Read Replies (2) of 176

Nope. They are new warrants. No way the warrant strike price is about US$11.75 while the stock has been traded under 3 for years! The warrant buyer would just buy PERL under 3 at the open market! biz.yahoo.com Perle will issue 400,000 special warrants to underwriters on a private placement basis at C$17.55 per warrant. The underwriters also have an option to buy up to 120,000 more of the warrants before 4 p.m. (2100 GMT) December 16 for additional proceeds of C$2.1 million. Each warrant will entitle the holder to acquire, at no additional cost, one common share of Perle. The offering is expected to close on or about December 31, but not later than January 10, 2000, and is subject to receipt of all necessary approvals.

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