SI
SI
discoversearch

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.
Biotech / Medical : Elan Corporation, plc (ELN)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: All Mtn Ski who wrote (688)11/18/1999 9:22:00 AM
From: RMP  Read Replies (1) of 10345
 
I believe the strike price (if you allow the analogy to calls) is 37.50 or thereabouts. That of course was prior to the the two-for-one split. Therefore whatever the warrant is selling for plus 37.50 will entitle the warrant owner to two shares of common stock. The price of the warrant should therefore move up in a two-to-one ratio with the price of the common stock. Therefore one is able to leverage more shares by purchasing the warrants. In addition, when it comes to exercising the warrants, you won't necessarily have to convert all warrants into stock, as the warrants can be traded as shares of stock. If you believe in the long term future of Elan as I do, then the warrants make the most sense to control the most number of shares at this time. RMP
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News