Here's what I think is going n regarding the warrants and stand corrected if I'm wet all over.
Didax gets squat, I mean nada, 0, oomgots if no one converts their warants to common. At this level---the warrants at 3 and change
( guided by the common at 9+ )-- not many warrants are going to morph into common as it sits right now, imo. Why? I think most, overwhelmingly most, were bought at relatively much higher levels than 3.50+.
Now this: It seems likely that DIDAX is in talks with the 2 A's ( Reuters, imo, does not print fire unless there is smoke ) or has already jibber jabbered with AOL and Amazon and it is a done deal--I suspect the latter. The story of the possible alliance that came out after the bell was just a teaser. IMO, the definitive news will come out sometime next week...exquisite timing. This by all means should bring the level of the common up significantly making the warrants a natural for conversion to the common. Didax gets the millions it needs for expansion and acquisition, the common becomes an even more no brainer as the street/market realizes that AMEN is now here to stay----and with the alliance with the A-TEAM, it goes beyond the here to stay mode--it now jumps ahead to the position of Dominant Portal/Etailer in the sector for the Christian Community ( which it already was in reality but as the CEO, Parker, knows it is the perception that counts; without the perception the reality don't amount to a hill o' beans ).
More, recall there is already a 3rd party connection with AOL ( check AMEN news for past Q or so for reference ); suspect that AOL already has tons of data based on hits, impressions indicating that DIDAX is gaining critical mass: BUT WE ALREADY KNOW THAT FROM LAST WEEK'S ANNOUNCEMENT OF A 73% INCREASE IN IMPRESSIONS FOR THE QUARTER.
Finally,we still have the quarterly report coming out. My understanding--having spoken with IR--that will not be released until late February--- well beyond the warrant redemption. HOWEVER, there is every liklihood AMEN will be announcing operating results much sooner---something they have every reason, imo, to do. I think they have alot to crow about. Personally, I'm anxious to see how their Etailing book and music did in light of the xmas season.
More to say re: AMEN vis a vis Jesus.com and its interplay here but later...though I think in light of the possible Double A--now Triple A deal---it's pretty obvious.
L |
