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To: Whitetigr who wrote (6009)6/9/1999 7:59:00 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 7039
 
I would think that there would have to be some type of window before they can raise the exercise price. Ws were purchased with a contract, inorder to change that contract one would have to be notified of the change and given sufficient time to act.

JMO



To: Whitetigr who wrote (6009)6/9/1999 8:00:00 PM
From: one_less  Read Replies (1) | Respond to of 7039
 
It sounds interesting an fair.

I have one concern. Many of us had planned to exercise our Ws a little at a time simply because we don't have the exercise cash to do it all at once. This also is why there are some concerns for arbitrage. Exercise Ws then immediately sell the Commons to get more cash for the Ws. If we sell a big portion of the commons this way it could have a negative effect on the share price.

So, adding to your idea.
1) What if we could choose to exercise them all in this window, and are given extra time to come up with the exercise money.
2) In addition our Common stock is restricted from trading during the window.
3) We would put the Ws out of commission, and there wouldn't be a dumping of Commons just to trade more Ws.
4) Even if you take the extra time for payment out of it I'd consider the window idea.

Food for thought, as you said <<That is of course if this can even be done this way.>>

any other ideas?