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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: CynicalTruth who wrote (1659)1/24/1997 7:18:00 PM
From: Bob Jagow   of 35569
 
Talking about the 2/23 warrants, John? Hope we have news by then! Re the gap, hope it persists for at least a year or two. <g>

A question for you re the warrants; why do we hope the price will be in this range or higher in order to assure their exercise? Seems to me $3+ would attract them all, and the co gets $2.83 or whatever in any case.

Saw the same situation WRT a cheap oil I own; was argued there that have to keep the holders happy for the next time money is wanted. I took this to mean that the original holders want to make a bundle upon exercise. Clearly some who later bought the warrants could lose.

-bob

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