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To: Tommaso who wrote (17491)8/21/2003 11:50:06 PM
From: LLCF  Respond to of 39344
 
<The $1.65 is what you must pay in order to exercise the warrant. You buy the warrant. Then you come up with the additional $1.65 Canadian and you buy the stock.>

Yes, exactly what you do with the 'strike' price.

<What you are missing is that the $1.65 is not a "strike.">

OK, the perspectus calls it an exercise price... so does the boiler plate on listed options... who cares?

DAK