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Technology Stocks : AESP
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To: Keiko who wrote (8)4/21/1998 8:40:00 PM
From: Joe Copia  Read Replies (1) of 85
 
the following is from Bloomberg on the warrants. notice the condition*

1 for 1 conversion= 1 warrant + $6.90 = 1 common share
expires 2-13-2002*

*IF the common shares close @ $10.50 for 20 consecutive trading days the company can call the warrants for $0.01.

That part confuses people. The company does that to protect themselves and to take advantage of folks that do not pay attention to the warrants. When the common hit anywhere @ $6.90 convert !!! duh

Also the warrants trade just like a stock til conversion or a company call.

Joe PTG&LI !!!
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