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Microcap & Penny Stocks : Isonics Corp. ISON
ISON 0.00010000.0%Nov 4 4:00 PM EST

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To: ilh1 who wrote ()2/29/2000 9:37:00 PM
From: Mark  Read Replies (1) of 1099
 
Can someone please clarify the statement in the last press release where it states that the company may redeem the current warrants for $0.10 per warrant if the stock trades above $14.50 for 20 consecutive days? If the scenario were to unfold, would it be prudent to call the broker and pay the exercise price, or sell the warrants outright on the market soon? I haven't dealt with warrants yet. My experience is only in LEAPS which are also long term (but no clause as with these warrants). I am certainly long on this stock and bought the warrants awhile ago hoping to "lock in" a firm price to eventually buy more shares. I would appreciate any guidance. TIA
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