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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Mac who wrote (12401)	7/14/1999 12:24:00 PM
From: Mr.Manners	Read Replies (1) \| Respond to of 52051

Each Redeemable Warrant entitles the holder to purchase one share of Common Stock at a price of $6.00 per share, subject to adjustment, at any time from issuance until November 13, 2001 and is redeemable by the Company, with the prior written consent of the Underwriter, at a redemption price of five cents ($.05) commencing November 13, 1997 on thirty (30) days' prior written notice, provided that the average closing bid price of the Common Stock equals or exceeds $9.00, subject to adjustment, for any twenty trading days within a period of thirty consecutive trading days ending on the fifth trading day immediately prior to the notice of redemption.

To: Mac who wrote (12401)	7/14/1999 12:49:00 PM
From: RCJIII	Read Replies (1) \| Respond to of 52051

Mac, On NAMCW, the warrants don't expire for another 2 years and can be exercised at $6. I think they are one heck of a value. Right now you are betting the stock will be over $7.40 within the next two years. I believe it will be significantly higher than that within the next two weeks. This stock has incredible strength. Even after the last three runups, the stock is not suffering a material decline. Whenever it dips, buying comes in. Only 1.4 million warrants exist, the float is much smaller. The common has only 3.3 million outstanding and only 2 million in the float. I am still buying NAMCW. RCJIII