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Technology Stocks : Plaintree (TSE:LAN,NASDAQ:LANPF)
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To: pjd22 who wrote (1538)3/27/2000 2:54:00 PM
From: pjd22  Read Replies (1) of 1606
 
Just a quick correction to my earlier post. In it I wrote that if all of the Private Placement investors executed the second part of the deal and purchased common shares at the lessor of $2 or market close price on Mar. 30 that LAN could raise an extra $ 5 million..........this should have read $ 10 million as there are 10 million half warrants and they could get 1 additional share for every full warrant ( 500,000 x $2 = $10 million). Once again, it is definitely advantageous for LAN to get the stock price up as high as they can over the $2 strike price to entice the PP investors to execute this second part. I'm sure they would like the extra $10 million to work with. At the least they will make sure it stays at $2 to lock this price in.
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