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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Tommaso who wrote (84666)1/18/2001 4:31:04 PM
From: jim_p  Read Replies (1) of 95453
 
I was wondering how long it would take for someone to find that in the 8-K.

I'm not a lawyer, but I believe it means the warrants which are trading at $.562 are going to be worth no more than $.50 on 3/31/2001.

It would be a good short, but the commission would eat up the profits and it would be hard to find warrants to short. You also need to tie up $5.00 per warrant you are short in cash or stock at DLJ.

Jim

PS: I bet the warrants fall to .50 tomorrow.
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