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Pastimes : son of T/FIF
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To: LLCF who wrote (108)8/26/1999 11:33:00 PM
From: schadenfreude  Read Replies (1) of 673
 
>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!<

Let's hope so. Earlier in the year, they sold over 2M shares to raise only about $6M. 7M warrants, exercised at $6.02 would raise over $40M! Of course, with the warrants and stock options, the share count rises to 25M and market cap to almost $250M.
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