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Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?

To: son of peter who wrote (2679)	6/22/1999 1:05:00 AM
From: Dave Shoe	Read Replies (1) \| Respond to of 6847

All XYBRW Warrants expire on July 18, if I recall correctly. The conversion price is presently $6.01, but unless the common stock hits $6.01 at close on the day of expiration, the warrants are worthless. Note that the original conversion rate was 1warrant + $9.00 = 1 share of XYBR. Since additional shares of XYBR have been issued, the strike price is now $6.01. I forget the exact ramifications, but it's something like this: One warrant + $6.01 = 0.65 shares of XYBR. I could be explaining this backwards, but you get the picture. Bill Fischofer explained it really well a couple months ago. Barring fantastic news, the primary hope for warrant holders is that the warrant expiration date will be extended to a later date, hopefully giving the common stock time to gain value above the $6.01 mark. Right now we await word about the Xybernaut board meeting which, as I understand it, was held a couple days ago. Good luck. Shoe.