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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: john carr who wrote (5575)12/15/1997 9:09:00 PM
From: T.K. Allen  Read Replies (2) | Respond to of 10368
 
John: If there are 500 people who own 400 warrants each and decide to "screw the company", it will cost BNGO $1,000,000 in unrealized revenue. This would be 94% conversion rate for the warrant call and put about $15,500,000 in BNGO treasury. I would call that a successful warrant call. The question is, are there 200,000 warrants in the hands of people who would rather screw the company than sell at a loss?

TKA


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