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Strategies & Market Trends : Shorting stocks: High fliers

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To: Q. who wrote (574)11/19/1998 4:56:00 PM
From: RockyBalboa  Read Replies (1) of 709
 
John re BFLY/W former Pivot Rules:

Pivot Rules '02 PVTRW OTC 0.813/ 0.844 1.500M 725810113
Underlying Securities: PVTR OTC 3.750/ 3.844 2.700M Stock
On Exercise: Current -05/15/02 send: 5.000 US$ to receive: 1.000 PVTR
Call Terms: Current -05/15/02 Callable for 0.01 US$ if PVTR CLast 165.00% for 20/30 bdays

(http://www.noddings.com/ww.html)

So if it closes over 8.25 for 20 days out of a 30 day window it's callable, that seems to be the aim here. Ah, I see. (should have bought some warrants when they were at 0.82) <g>

C.
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