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Strategies & Market Trends : Rande Is . . . HOME

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To: Sye Walsh who wrote (6095)	4/30/1999 10:40:00 PM
From: Rock_nj	Read Replies (1) of 57584

Rande Is, The TPEG warrant issue is important. The TPEG SEC filings state that the publicly tradable warrants outstanding are 1.7 million. While Dr. Sandrews is stating on the IATR RoundTable that the actual outstanding warrants is 5.1 million, convertable into 1.7 million common shares at $5.25. Therefore it takes 3 warrants to buy 1 common share, not 1 to 1 as people were lead to believe by the SEC filings. I'd be interested to know what you think about this contorversy. Read about is at iatresources.com

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