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Pastimes : Georgia Bard's Corner
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To: Dave Sullivan who wrote (1261)5/2/1998 10:38:00 AM
From: Ga Bard  Read Replies (2) of 9440
 
MIDLW... The warrants when you buy them entitle you to be able to buy one share of MIDL common for $1.00. The expiration is the year 2001 OR if the share price rises and holds above the target price of $2.50 for 10 straight trading days.

Now once the price holds and you do not exercise once the target condition has been met then the company can recall all the unexercised warrants for .05.

Hope this helps

GB
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