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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?


To: ET who wrote (1772)11/24/1997 7:20:00 AM
From: steve goldman  Respond to of 4969
 
I don't know the stock...read the news, though, Bull run buys 926,000 warrants to buy stock for $12, paid $3.09 for the warrants. Think of it like an options. Who did they buy the warrants from? The open market or from the company? Why did the company need to raise cash this way? Only getting $3 for the option to buy the stock $2 up from its current price?

Given the world markets, I wouldnt expect to see a lot of action, but good luck.
regards,
steve@yamner.com