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 : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: CYBERKEN who wrote (7975)	12/28/1997 1:03:00 AM
From: Mighty_Mezz	Respond to of 31646

CYBERKEN - Closing bid must exceed 6.375 for 20 trading days. 207.183.153.206

To: CYBERKEN who wrote (7975)	12/28/1997 1:07:00 AM
From: Andrew H	Read Replies (2) \| Respond to of 31646

Ken, here is the research thread info on the warrants--I have checked and found it to be far more accurate than the info Fidelity was handing out to its clients: exchange2000.com Check the details on the url, but I believe the situation is that the TPRO must close at a bid of 6 3/8 for 20 consecutive trading days, before the warrants can be called. Fidelity verified that for me although they gave me the wrong info when I asked initially. Then one has 30 days to get them to the company for redemption. I am not certain if they will be traded during those 30 days, but I would guess they will trade. Have not been able to get a definative answer on this. 1 share of TPRO costs 3.50 with one warrant. IMO, with all the good news that should be coming soon (more contracts and marginability), the longer it takes for the warrants to be called, the more valuable they are. As I understand it, you can count on the warrants being called immediately since the company wants the cash.