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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: kollmhn who wrote (82666)12/26/2000 12:23:36 PM
From: jim_p  Read Replies (3) of 95453
 
kollmhn,

They are very unusual in that they are perpetual and therefore do not have an expiration date. They have a strike price of $4.21, and since the merger is price at $4.71 in cash or stock, they should in theory be $.50 in the money if the deal were to close today.

Since they are perpetual, once the deal closes they should also carry a large premium.

Jim
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