Prescient?????....... Andrew your going to have to stop using words like that. It takes me way to long to look them up in the dictionary. Next thing you know IN will start using them and I won't be able to look them up because they won't be spelled properly.LOL
Here is that the post that I read that gave me that stupid notion regarding the warrants. All I have to say is ...Never Mind Just Ignore Me....
Along with the profit results for the year, the Company also announced the establishment of the warrant exercise price for the 2,250,000 publicly traded warrants outstanding under the trading symbol ''PCTHW.'' Based on the Company's net income for fiscal 1997, the exercise price of the warrants has been established at $4.6875. The exercise price of $4.6875 required the Company tohave net income exceeding $1,500,000 for the 1997 fiscal year, a requirement which has been exceeded. The warrants are exercisable by the holder at any time prior to July 15, 2001, unless previously redeemed by the Company. The Company may redeem the outstanding warrants, in whole or in part, at any time upon 30 days written notice at a price of $.25 per warrant, provided that the closing bid price of the Company's Common Stock has been at least $9.375 for each of the 20
consecutive trading days immediately preceding the date of the notice of redemption. The closing bid price of the Company's Common Stock on July 7, 1997 was $4.125.
Cary |
