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.

Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: JAMES F. CLASPILL III who wrote (3786)	11/3/1997 11:28:00 PM
From: timwa	Read Replies (1) \| Respond to of 9695

FYI:Article posted to the Ultratech (UTEK) thread: techstocks.com

To: JAMES F. CLASPILL III who wrote (3786)	11/4/1997 5:22:00 AM
From: SPEEDRACER	Read Replies (1) \| Respond to of 9695

James, Warrants will all be exercised if the stock price is even one penny above the exercise price. Here's why...... If you are a warrant holder and do not plan to exercise, you will sell your warrants before they expire worthless. As long as there is a stock bid above the strike, the MM's will buy the warrants and sell the stock for a risk free arb for the difference of the price of the warrant and the price of the stock less the price of the warrant. Hence, at expiration, the MM's will be short stock and long warrants. Even if the stock closes at 4.68 they will exercise the warrants in order to net out their short stock position. SPEEDY==================================================