Aladdin Knowledge Systems (ALDN) Message Board

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Technology Stocks : Aladdin Knowledge Systems (ALDN)

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To: jsabelko who wrote (305)	3/18/1999 11:10:00 PM
From: jsabelko	Read Replies (2) of 351

Big mistake in previous post: I made a big mistake in the previous post. I accidentally was looking at aldn historical chart and found $10 a share in July 98 and somehow confused it with wavx. I can't find a wavx historical chart, but based on the last 10K looks like it was trading near 2 so then the 2.5 million for 1 million makes sense as the market price for the "7% of class A" warrants. This then indicates that aldn likely still holds the entire warrant for 2.1 million share at 1.70 plus the 1.5 million shares it already owns for a total of 3.8 million shares which is then almost right at the 14% indicated by Harry. Whether they have actually exercised these warrants or not yet is essentially meaningless due to the low exercise price as long as they don't let them expire in July. Sorry about the confusion. Again hopefully aldn will respond to me or someone else can validate these numbers. joby

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