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 : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Donna Saravi who wrote (46771)	1/30/1998 9:19:00 PM
From: Richard L. Williams	Respond to of 186894

Donna: I am not an expert at this, but the way I read it, if you exercise your warrant, you are converting your warrant into a share of stock for a set price (set when you bought the warrant). If the share price is lower now than what you have to pay to convert, you have a worthless warrant. If the price is higher now than what you have to pay to convert, you made money. Standing by to be corrected. Cheers! Rick

To: Donna Saravi who wrote (46771)	1/30/1998 11:29:00 PM
From: billwot	Read Replies (2) \| Respond to of 186894

Donna and Richard- Conversion of warrants: INTC step-up warrants authorize the holder to tender one warrant plus approx $20.25 cash for one share of INTC common. It is a fixed differential and market price at time of conversion has nothing to do with the ratio. The $ differential is fixed. Note that INTC closed at 81 and INTCW closed at 60 5/16, or approx $20.70 difference. You can convert prior to expiration by paying the premium, or you can sell on the open market and take your profit (or loss) whichever. Hope this helps billwot