Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: STEAMROLLER who wrote (48908)	1/28/1999 3:47:00 PM
From: BarbaraT	Read Replies (1) of 119973

SR ... correct me if I am wrong, but the AHWYW - are the warrants not exercisable for $9. Currently stock is 12 5/8 and warrants are 2 5/8 - that makes the warrants a discount to the stock by $1. They are not expiring for a few weeks yet, which means that they can be converted to the stock for $9 more - bringing the price to $11 5/8. Sounds like a good deal to me. I had this situation once before, it is very possible ( and probable) that the stock can continue to run, giving the warrant buyer a great discount to the common.

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