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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: ACAN who wrote (3035)9/18/2003 6:19:16 PM
From: scott_jiminez  Respond to of 23958
 
RMTI's warrants (RMTIW) were extended today.

Expiration of RMTIW changed from 1/04 to 1/05.

biz.yahoo.com

While the warrants did spike today, they will probably do very well in the future since a) the overlying stock continues its 9 month, ~500% run, and b) until today the warrants had become significantly discounted based on the rapidly approaching expiry (which is now 15, not 3, months, away).

As RMTI approaches RMTIW's exercise price ($4.50), today's expiry change will amplify the warrants appreciation as they close in on being in the money.