BJ's Restaurants Inc. Message Board

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Non-Tech : BJ's Restaurants Inc.

BJRI 36.77

+1.6%

3:59 PM EST

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To: Lhn5 who wrote (119)	3/27/1998 8:00:00 PM
From: Robert T. Quasius	of 865

I think the management was quite clear. They plan to fund the conversions using the free cash flow. There was no mention of taking on more debt, and I take them at their word. As for the warrants, these may very well be probably be redeemed early. As I understand it, management can redeem if the stock price hits $7.00, for the stock price plus $0.25. This would work out to $7.25 - the $5.5 warrant strike, or $1.75 per warrant. Based upon the current ask price of $3/16, this works out to nearly a ten bagger! I bought some more warrants today.

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