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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (25678)	1/15/2003 7:24:23 PM
From: TheBusDriver	Read Replies (2) \| Respond to of 36161

<<I'm kinda stressed over those "special" warrants as we speak-- 10 million due for May 2003?>> Ouch! I did not see this in the PR, at least not the one you posted just now. I thought WRM warrants were out to 2007??? We talking two different things? Wayne

To: Frank Pembleton who wrote (25678)	1/16/2003 11:48:15 AM
From: TrueScouse	Read Replies (1) \| Respond to of 36161

Frank: Re the WRM warrants (WRM.WT). You'll find them described in the latest quarterly statement on the website -- Note 6. I tried to link to it directly but it wouldn't work. Basically: "Each whole common share purchase warrant entitles the holder to acquire one common share of the Company at a price of Canadian $1.65 per share for a period of five years following the closing". Closing was (I think) in May 2002, so the warrants go till 2007. With WRM currently at $1.56, they're almost in the money now. Regards, Howy