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Technology Stocks : AESP
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To: TWICK who wrote (15)4/21/1998 9:57:00 PM
From: Joe Copia  Read Replies (1) of 85
 
just pretend the warrant is a stock. It trades just like one. Now lets say its "brother" AESP grows up to $6.90 .

At that time you call your broker and say : "HEY, I do not want to be a lil brother anymore. change me into a big brother."

At that time you will be required to "give" your broker your warrant plus $6.90 CASH for 1 share of common stock.

Now if you are not paying attention and your Big Bro gets to $10.50 for 20 days he can come back and say :" Hey lil bro. give me those warrants and I will give you $0.01 per warrant and there is nothing you can do about it" That is how the company 'calls' warrants.

Obvious you would either sell the warrants when the common hit $6.90 or convert before the $10.50 is hit.

hope that helps

Joe PTG&LI !!!
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