TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Rob who wrote (32162)	3/1/2000 8:58:00 PM
From: Katie Kommando	Read Replies (1) of 150070

ARGNW . . . Rob, I respectfully disagree. It is a 1:1 ratio. From the March 1998 10K: "In connection with the public offering of Units completed on February 18, 1997, the Company issued 4,760,000 Class A Warrants to purchase Class A Common Stock. Each Class A Warrant entitles the registered holder thereof to purchase, at any time until February 12, 2002, one share of the Company's Class A Common Stock at an exercise price of $5.00, subject to adjustment." Subject to adjustment means in the event of any stock splits or other similar events, NOT A CONVERSION RATIO. The 1:5 split adjusts the exercise price to $25.00. These is NOT a $0.20 conversion ratio. Katie K.

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