PARANOID! TIRED OF TALKING TO YOURSELF? LET'S TALK(TTP) Message Board

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Biotech / Medical : PARANOID! TIRED OF TALKING TO YOURSELF? LET'S TALK(TTP)

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To: tnsaf who wrote (275)	1/23/1999 9:46:00 PM
From: LLCF	Read Replies (1) of 626

< They entitle the holder to purchase one share of common stock at an exercise price of $6.20, subject to adjustment in certain circumstances, at any time for a period of five years. The warrants are subject to redemption by the Company at $0.05 per warrant on 30 days' prior written notice if the closing bid price of the Company's common stock averages in excess of $9.10 per share for 30 consecutive trading days ending within 15 days of the date of notice of redemption.> I'd have to call the company to confirm... if I really get interested in the warrants I certainly will... BUT, what the preceeding tells me is that the provision "forces" conversion into stock. So for example if the stock soared to $100 per share over nite making the warrents parity value $94 the company couldnt just take them away from you for a nickle! It would exercise their right, forcing you to exercise and buy your stock @ $6... hence you would make $94. I can't see it working any other way... why would they trade for 9/16 if the company could call them @ .05??? DAK

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