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Microcap & Penny Stocks : Microvision (MVIS)
MVIS 0.928-1.5%3:59 PM EST
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To: Zeev Hed who wrote (2296)4/1/1999 9:15:00 PM
From: Larry Brubaker  Read Replies (1) of 7720
 
Zeev, I don't see how holding the warrants as the stock approaches $24 is playing with fire. According to the web site, the stock must trade at $24 for 20 consecutive days in order for the warrants to be called at .25. So, if and when the stock trades at $24 for 19 consecutive days, you will see any unexercised warrants exercised.

My point is that the provision requring the stock to trade at $24 for 20 consecutive days before they can be called provides a bit of assurance that the stock was not manipulated to $24 to force the exercise. It would be considerably harder to manipulate the stock to $24 for 20 consecutive days than it would be to get it there for a day or two.
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