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Microcap & Penny Stocks : Corporate Vision (CVIA)
CVIA 0.4800.0%Jun 30 4:00 PM EDT

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To: K A Anderson who wrote (6628)9/5/1998 6:40:00 PM
From: grw5  Read Replies (2) of 6654
 
KAA,(or anyone else)

Maybe I'm just too dumb to understand, but isn't there a difference between "strike price" and "exercise price"???

In JC's post he said ---
>>The warrants have a strike price of $3, meaning to convert them to 1 share of common you add $3 + your warrant to receive 1 share.<<
then he said ---
>>Again, just because a warrant hit's a strike price...<<

I thought that "strike price" was the price that the common had to reach before a warrant could be exercised and that then there was an "exercise price" that had to be paid to the company (either directly or through a broker) in order to receive the common stock. I thought that with certain warrants the common had to reach a certain price before they became active (strike price) and then you had to "exercise" them to convert them to common stock.
So what are we talking about here??? The price they have to reach before they can be exercised or the the price we have to pay to convert. Or is it BOTH and we have to wait till we get to $3/common and then pay $3 to convert.

.... and if both terms are the same then what is the other term for describing the limit price that a common share must reach before it can be exercised?

??????????????????????????????????????????????????????????????????????

TIA,
George(the dummy)
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