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To: Ga Bard who wrote (5804)6/8/1999 12:03:00 PM
From: The Devil Dog  Read Replies (2) | Respond to of 7039
 
The warrants are no longer the focus if they go
private. It will enhance your shareholder base though!

If the warrants were left public I would agree, as you know
there are a medium base that can make this all work if we want
to. Taking away the rights (I know not voting rights, I mean the
ability to become long term investors of a perspective venture)
of the existing warrant holders does nothing for increasing the stability of the shell. They go private and are then exercised
sooner than later, which raises capital sooner than later.
Raise that exercise price and you have less capital being injected
into a company. If warrants are private, this should not effect
the the price of the common. The price of the common will be
dictated by the merits of the proceeding company and its existing
business assets,business model etc...

By the way I own a shit load of warrants and expect to exercise
them ! :) Keep the your mind and dialog open.

Best regards

WB



To: Ga Bard who wrote (5804)6/8/1999 1:12:00 PM
From: one_less  Read Replies (1) | Respond to of 7039
 
We bought these warrants on an agreed upon exercise price of $.50. It is a done deal. That is a lot of additional income to the company with no dilution and no risk to the common share price (if we privatize them). If the company wants to issue additional warrants for $2.50 or $5.00 at some point, what is stopping them?