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 : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (8152)	2/26/2003 10:28:08 PM
From: LLCF	Read Replies (2) \| Respond to of 39344

<Let's assume that the only change is a fall in value of the US dollar. The Market Capitalisation in Toronto should remain unchanged. The price of common stock in Toronto should remain unchaged.> <The market capitalisation in American Dollars should climb. In other words the stock price will go up in New York.> Yes, all of which my example also point out. <A slight complication is that the price of the warrant even in Toronto is expressed in US$. My conclusion is that the warrant price expressed in American dollars should climb, to agree with the now higher Canadian warrant value and the higher value of the Canadian dollar. > Yes, of course the warrant value climbs everywhere as I also pointed out... a different way of explaining it, but yes... and yes, if 'expressed' in $US, it doesn't matter where it trades. <It seems to me that this should happen regardless of which is the major exchange. But of course I am just theorising... I have noticed that the market seldom takes any notice of my theories (Caveat Emptor!). > Yes, that's right... I actually mispoke slightly, as what really counts is what currency the strike price and it's implied underlying is in... my statement about major exchange was trying to get at where the company is really based [expenses, revenue, etc]. Are you saying the warrants really have a fixed strike price of $US19? DAK