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tonyt, >> If we assume the costs you list of owning 1000 LGND, 1000 LGNDW, or 2000 LGNDW, we can derive the values on 6/3/2000, when the warrants expire. If LGND closes at zero, the losses will be the costs you show. If it closes at 10, the losses will be: $2,425,$3,125, $6,495. If it closes at 20, the gains will be: $7,525,$$6,875, $13,605 If it closes at 30, the gains will be: $17,525,$16,875, $33,605 If it closes at 40, the gais will be $27,525,$26,875, $53,605 If it closes at 50, the gains will be $37,525, $36,875, $73,605. If it closes at 70, the gains will be $57,525, $56,875 ,$113,605 . Bernie |
