Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (82753)	12/26/2000 7:13:31 PM
From: jim_p	Respond to of 95453

Tommaso, My understanding of the law and the warrant agreement is they would be exchanged for a new warrant on PEX's common stock. The number of warrants and the strike price would be adjusted pursuant to the final terms of the merger. Only the number of warrants and the strike price would change, the maturity would remain perpetual. Actually, I'm surprised PEX didn't tender for the warrants also. Not many companies want to have warrants outstanding that don't have a relatively short maturity date. Jim