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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Amit Ghate who wrote (1708)1/27/1997 7:14:00 AM
From: Mark Bartlett   of 35569
 
Amit,

<< Now of course he'd rather not lose anything, but given the two choices of exercising or not, he'll exercise to minimize his loss.>>

Yes of course he very likely would .... but most people buy warrants hoping that they will be in the money come exercise time ... I may have some second thoughts if the progress of company X was such that they were not able to move the stock to reasonable levels by that point .... depending upon the circumstances.

MB
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