Socket Communications (SCKT) Message Board

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Microcap & Penny Stocks : Socket Communications (SCKT)

SCKT 1.100

+1.9%

Nov 7 9:30 AM EST

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To: MaryinRed who wrote (544)	11/18/1999 4:09:00 PM
From: interesting man	of 932

OK, heres an E-Mail I recieved from dave Dunlap about the warrents. >>Socket's warrants each have an exercise price of $8.40 per share. Each warrant converts into approximately 4.25 shares of common stock. The warrant exercise period expires on June 5, 2000. Example. Buy one warrant at $7.00 per share and exercise it at $8.40 to get 4.25 common shares. Average cost per common share is $8.40 + 7.00 = $15.40 divided by 4.25 = $3.62 per share. The warrant may be called by the Company with 30 days notice after the average 20-day stock price is above $3.00.

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