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Biotech / Medical : ACMI - Accumed Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Sigmund who wrote (840)12/31/1997 5:09:00 PM
From: aatkinson  Read Replies (1) | Respond to of 1894
 
Could you elaborate? Let's say that there are warrants out at a strike price of $3.00, expiring on 31 December, and the current underlying stock price is $1.25. How is the company raising money by now extending the expiration date? I would have thought that the company would be better off financially by letting the warrants expire.

Thanks, aa