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To: B-MAN who wrote (6101)12/30/1997 2:19:00 PM
From: Jay D.  Respond to of 10368
 
B,
Again, refering to Mike Fearnow, JTO was expecting between
$10M and $12M from the warrent call and they are very pleased with the
$11M+ they received. This amount should carry them for the next few quarters to reach the acquisition goals they have planned.

Jay



To: B-MAN who wrote (6101)12/30/1997 2:19:00 PM
From: JakeSki  Read Replies (1) | Respond to of 10368
 
This announcment may be 'good news', but it is not 'new' news. And it is questionable how good it really is. The warrant call may not have been a disaster, but it was not as good as it could have been.

Now that they have the 11.4M they need to 'show us the money'. You would think that they would want to announce M&A news as ASAP.

- George



To: B-MAN who wrote (6101)12/30/1997 2:36:00 PM
From: T.K. Allen  Read Replies (1) | Respond to of 10368
 
B: You are right, sort of. While there were other warrant calls with higher conversion percentages, none of them had nearly as many warrants as BNGO's 3,300,000. The closest one was GLASW with 2,800,000 warrants. They got a 98% conversion rate. On the other hand, PTIIW had only 460,000 warrants and only got 87% converted. I don't think I would necessarily peg expectations to others warrant calls. See my post #5682.

TKA


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