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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes

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To: Gogo@SI who wrote (5007)4/7/1998 4:30:00 PM
From: eric deaver  Read Replies (1) of 34592
 
<<Does the company has the right to call the warrant and the owner of the warrant must exercise or is it possible to hold the warrant and exercise it at a higher price?>>

You can not hold warrant after XX (usually 30) days after the company calls warrant. Must exercise at that point.

<<Finally, as far as I know, as a holder of a warrant you can sell it any time before exercising. Not necessary to wait for the company to call. Right?>>

Right

Please be aware that I spoke to two people in the IR company (Ted & Doug). Ted gave me answers closer to Andrews and Doug gave me higher call and strike prices. I believe Andrew probably spoke to Ted and Ted is likely correct. Also Ted told me initially that strike price was 125% of IPO price and call price was 200% of IPO price (which would match $6.25 & $10). It is all in prospectus which is on its way to me. I will post quote from it when I receive.

Eric
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