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Technology Stocks : IFLY - travel sales on the web pure play
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To: Secret_Agent_Man who wrote (64)4/9/1998 7:40:00 PM
From: Rajiv  Read Replies (3) of 4761
 
Byron,

Any other derivation is incorrect from a purely mathematical standpoint.

Your derivation has serious flaws.

Let me ask you a question - if IFLY goes below $6.25 and stays below it (say x.xx where x.xx < 6.25) will the warrants still be worth x.xx/10*3.75? Think about it and you will find the flaw in your math.

Regards.
Rajiv
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