Trizec Hahn Message Board

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Technology Stocks : Trizec Hahn

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To: Ravi Nayar who wrote (9)	11/29/1997 5:42:00 PM
From: burner	Read Replies (1) of 12

Ravi, I have been interested intrizec for a while now. I see in the Globe & Mail that the warrants are trading at a discount to the underlying stock. Some 45%. I can't understand how this would be possible. Can you explain the terms of the warrant/ If a warrant can be bought for $6.50 and exercised for 14.14 with the stock trading @ $33.00, why isn't everyone buying the warrnat,exercising it and then selling the resulting common share for an easy profit? Are there some restrictions applicable here? I seem to be missing something in the equation? I am sure it is just my very rudimentery knowlege of the market that is misleading me into believing this could be like "printing money". Thanks in advance Dan Byrne

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