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Technology Stocks : IFLY - travel sales on the web pure play
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To: Kevin who wrote (2852)12/28/1998 12:16:00 AM
From: LAWRENCE C.  Read Replies (2) of 4761
 
Kevin, the warrants can be called when the common is above $10 for over 10 days.
1. IMHO the odds of reaching $20 on IFLY common before the warrants must be converted are very low. We haven't even been able to sustain $10 so far.
2. If the common does touch $20 before the warrants must be converted , it could fall back sharply from that level.
3. If the warrants are called the company will give the warrant holders 30-60 days to convert them at $6.25.
Lucky Lawrence
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