UTDL (United Leisure Corp.) Message Board

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Microcap & Penny Stocks : UTDL (United Leisure Corp.)

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To: Jon Scott who wrote (320)	6/11/1999 9:13:00 PM
From: Gary E. Johnson	Read Replies (1) of 389

Did you end up in a better position than I ? Here are my results: My end result is to move out of some Warrants and into Common. Sold 10,000 warrants at .64 price now .55 difference .09 or $900. Bought 2,000 common at 2.90625 now 2.34 difference .56625 or $1,132.50 Add hefty commissions in the range of $610 for the sell and buy, I figure I ended up about $842.50 poorer. Should have slept in today ! The only good thing I see out of it is I expect the common to participate in the IPO, and perhaps the Warrants will not. Now, the same amount of money ($1,550) would have bought 1,099 shares of common at $1.41. The Warrants increased 3.12 times and the Common 1.06 times for the same period. Yes, the Warrants were the better deal, but we are getting closer to the IPO. I don't know which is best at this point. How's your crystal ball ?

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