SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology
EDIG 0.00010000.0%Mar 20 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TOPFUEL who wrote (2236)2/7/1999 6:56:00 PM
From: Burt Roger  Read Replies (2) of 18366
 
Warrant exercise price:

For all practical purposes the exercise price is approximately 8 cents. No money need be paid to the company to exercise the warrants.

These warrants were part of a package private placement investors bought. At one time their exercise price was only determined by the stock price of the common. Their movement was almost a tandem one. Since theoretically the stock could go to 1 cent or zero, the wt's. could have gone to even lower prices than the agreed upon .08.

Warrant holders who do not convert to common have some protection if there is any further dilution of shares by more issuance of common. This protection could be in the form of a lower conversion price. There is no market for the warrants so the only exit process for a warrant holder is to convert to common and then sell the common.

Best to all:
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News