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Non-Tech : SILICON GAMING INC. (SGIC) -- Ignore unavailable to you. Want to Upgrade?

To: Guy E. Fleming who wrote (362)	5/6/2000 2:15:00 PM
From: Zakrosian	Read Replies (1) \| Respond to of 369

So have you figured out what it means? Is my reading accurate (I've never dealt with Warrants so I have no idea what they are and how they differ from options)? -Someone who owns 1000 shares of SGIC gets the right to buy about 3600 shares of stock for $550. -Stockholder has 3 years to exercise the Warrants, starting from a year after they are issued. -if the stock trades (closes?) over $.24 a share for 20 consecutive days on an exchange other than the Bulletin Board during years 3 and 4 following the issuance of the Warrant, stockholder must buy the stock or loses the warrant. If that's the case, I can't see any downside other than the nominal cost to handle the transaction. If SGIC survives (pretty doubtful from what I can see), it'll pay off nicely. If not, you're only out the transaction cost. Kind of like buying a lottery ticket.