IFLY - travel sales on the web pure play Message Board

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Technology Stocks : IFLY - travel sales on the web pure play

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To: Secret_Agent_Man who wrote (97)	4/10/1998 2:59:00 AM
From: RBB	Read Replies (2) of 4761

If strike price is $6.25 and the stock is at $10.00 then the value of the warrant would be $10.00-$6.25+time premium = $3.75+time premium. For example, current value of warrant is $1.03 = ($7.00 - $6.25 + time premium). Therefore time premium in this case is $0.28 for almost 5 years(1998 to expiration date of 2003) which is very low. I think premium should be much more because we have 5 years and that means currently the warrant should be more than current trading price of $1.03 and if the strike price of $6.25 is correct as every one is posting on this thread, warrants will open high on monday. This is just my opinion and please correct me if I am wrong. -Rambabu

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