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: S.C. Barnard who wrote (289)	4/13/1998 3:57:00 PM
From: DCRich	Read Replies (1) of 4761

I personally hold 600 warrants at 2 11/16. Also added a few at $5.25 to make matters interesting. If I were to convert the 600 I say the true value is 8 15/16. I now look at how the common is trading via the market. If 8 15/16 is below the current common price I consider it a great deal. However if 8 15/16 is higher than the current common price then in the short term I am operating at a loss if I were to convert. I personally would treat your 1k shares (only if intended to convert) as common bought at $9 to keep the math simple. Keep in mind the cost to convert is the "6.25 X 1k". That is what get people in trouble if they cannot sell the warrants within the window ifly dictates. Richard

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