son of T/FIF Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : son of T/FIF

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Metcalf who wrote (106)	8/26/1999 11:24:00 PM
From: LLCF	Read Replies (1) of 673

<Does this call provision increase the risk of holding the warrants while the stock is at a level that could cause the warrants to be called? > Absolutely... back to the drawing board! I'll have to read the stuff if I get a chance, but taking your info at face value and without doing detailed work, the "free put" I was talking about isn't nearly as valuable as it would be without the call provision. So the comment still stands that if I owned the stock I would be selling it and buying the warrants for parity, BUT the fact that they are trading near parity isn't nearly as exceptional as I had previously thought, and I don't give nearly the weight to a possible buy in as I had thought. I'll still check into borrowing the stock, but I see now that's probably NOT why they're trading parity. That said... I LOVE this provision from the companies standpoint... I'll go way out on a limb here and say it looks to me that if the provision is met, the warrants get called and everyone must exercise them giving TTP all that cash! Is this your read John??? Remember I have not read the fine print... but that appears correct. Wow, they could use the coin too! DAK

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next