ARIAD Pharmaceuticals Message Board

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Biotech / Medical : ARIAD Pharmaceuticals

ARIA 23.99

0.0%

Feb 17 4:00 PM EST

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To: Ken Hays who wrote (85)	5/25/1997 11:04:00 AM
From: Jongmans	of 4474

re warrants Ariad the value of warrants Ariad can rise substantially above five dollar! 1: the price of the shares has to be for 30 consecutive days above $ 13.44, if at any moment the price moves below $ 13.44, a new period of six weeks starts. 2: the price can during such a period also move substantially above $ 13.44, the added value will be reflected in the price of the warrants, due to the fact that an owner of the warrants can sell shares `Ariad short: his transaction is hedged by the warrants, which can be exercised. So the end value of warrants Ariad can, if all goes well , rise substantially above $ 5.-! Martin Jongmans

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