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Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: brent gephart who wrote (4933)	1/31/1998 1:13:00 PM
From: Bilberry	Respond to of 9695

Brent, if the stock price is $6 by summer, the company would not be able to sell the stock in an offering for more than, say $4.50, it must be below market price. Also, they would attach MORE warrants as they did with the swiss, and then you have more warrants floating around and more dilution down the road. Extending the warrants makes sense for future funding. When the stock is above 6 3/8, JMAR will call in the warrants and get its 12.6 million. You can never sell an offering at the market price. Its always below. If we look at past transaction, JMAR usually attaches warrants to an offering. Look at 1993, thats why the warrants exist today. Why continue this when we can use a perfectly good vehicle to raise money (the warrants). And there will be no more warrants attached. --Bilberry