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To: koan who wrote (19264)8/27/2006 1:29:28 PM
From: tyc:>  Read Replies (1) | Respond to of 78418
 
>>"That is basically correct"

John said that if the stock doubles to 5.60, the warrant price will be approximately .837 cents. Are you saying this is "basically correct" ? Again we differ. I would expect it to be ~$1.57 which approximately 4x the current price . At that level it will still have a 2x leverage for the delta will be approx 56%, (5.60/157*.56 = 2x).