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Technology Stocks : IFLY - travel sales on the web pure play
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To: Emec who wrote (155)4/10/1998 2:58:00 PM
From: Secret_Agent_Man  Read Replies (1) of 4761
 
David, you wrote:Byron, You are right. No cap on the warrants. Company can't call them until stock has traded above 10 for 10 days. What if stock hits $10 on day 1 and goes to $15 5 days later. I could exercise and buy a share effectively for 7.125 (I paid 7/8 for warrants). The market would be willing to pay me much more for my warrants at this point.

Finally, someone see's what I mean };-D PHEWWWwwwwww
Byron
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