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Microcap & Penny Stocks : NetCurrents (NTCS)
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To: Dan O. who wrote (69)4/5/2000 9:32:00 PM
From: Patric  Read Replies (3) of 199
 
Dan,
Sorry I didn't see your post yesterday. I didn't feel like even logging in.
Warrants are redeemable by the holder at a rate of 3 warrants plus $5.25 in exchange for a share of common. The company may call the warrants after the common has closed at or above 7 7/8 for 20 out of 30 consecutive days. We are nearing but have not yet reached that benchmark. If the warrants are called the holders have 30 days to redeem their warrants--otherwise they receive some nominal amount in exchange for their unredeemed warrants (I think I read somewhere $.05 per warrant, but don't rely on that as the actual number). The warrants expire September 11, 2001.
There are 5.1 mill. outstanding warrants, aside from the warrants that were privately issued to Brown Simpson as part of the recent private placement. I am not sure specifically how those warrants work (they are not the ones you or I can buy or sell anyway), but they are mentioned here:
biz.yahoo.com
Unlike some stocks, you can actually get a lot of detailed information about NTCS off its Yahoo board. Also, there was a very informative V-call in February, accessible on the NetCurrents site through this link:
netcurrents.com
Coincidentally, there is another V-call scheduled for tomorrow, apparently primarily to discuss in more depth the recent collaboration with Computer Associates.
biz.yahoo.com
Hope this helps.

#B~}>
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