SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : IMGX, currently $3.50
IMGX 0.00010000.0%Oct 28 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: George Young who wrote (586)1/26/1998 8:38:00 PM
From: Jay Morrison  Read Replies (2) of 665
 
George,
I am no expert on warrants, but as I understand the value of the warrants, this is the current situation. IMGXW (the warrant) is currently priced at 1 5/8. They expire on May 15th, 1998. They are excercisable and give the holder the right to buy IMGX at $1.50 per share. So, in order for the warrants to have ANY value at all, the common must be over $1.50 per share on May 15th of this year.

That means that the holders of the warrants place a value on the common (IMGX) at being about $2.50 by May 15th of 1998. The value of the common stock ($1) plus the current value of the warrants.

Currently the warrants have no intrinsic value. They only have value when the common reaches $1.50 or more. The current value of $1 5/8 is all extrinsic value.

If the situation is otherwise, would someone please explain it to me.

Also, according to the last company report I got in the mail, Leto has to go before Nasdaq at the end of the month and report on the steps Network Imaging has taken to be over the $4 million in equity required for listing. I called the company to get an update. The sale of Dorotech increased the equity situation by $6.5 million (reduced liability). The deal on the preferred conversion increased the equity by $1.5 million (got rid of accrued dividends that were unpaid). The report to Nasdaq will be fine.

Jay
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News