Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Charger who wrote (1041)	4/21/1998 10:05:00 PM
From: Joe Copia	Read Replies (2) of 25711

TO ALL: warrant explanation. if you do not understand please ask and I will try to explain further. The following is based on the call price and exercise price for AESPW: To: TWICK (15 ) From: Joe Copia Tuesday, Apr 21 1998 9:56PM ET Reply # of 16 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 !!! allstocks.com

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