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

To: Dale Kohler who wrote (4991)	2/8/1998 7:33:00 PM
From: Richaaard	Read Replies (2) \| Respond to of 9695

Dale, You're right that we are gambling when we buy warrants and I have accepted that risk. People who buy stocks that have warrants out should also realize that these warrants are extended many times. Warrant holders and shareholders are both aware of this possibility. I know many are for and against the extension, but this isn't a debate. I go with the odds when I gamble, and I'm prepared to lose (or win). We all gamble when we invest anywhere, and you've gambled by simply buying JMAR stock. My only point was that even amongst those who are against this, they would agree that company will probably extend them. Good luck to all. Richard

To: Dale Kohler who wrote (4991)	2/9/1998 1:03:00 PM
From: Bilberry	Read Replies (3) \| Respond to of 9695

Dale, warrants are not like options and many times are extended. For JMAR the current warrants are a cheap way to raise money in the future. It costs the company nothing to extend them. The warrants are also callable, so there is a limit to how much profit warrant holders would see. The stock could not go to $30, or even $10 without the warrants being called in way before then. Once the stock is above 6 3/8 for 20 days, JMAR can force the excercise of them. What many are not looking at is that the warrants are a superior way to raise the money at this point vs. private placements to large investors. We have seen the manipulation and shorting that apparently has occured from the swiss. Also the dilution of these warrants is 2.7 million shares, bringing in 12.6 million versus 2.5 million that would have been additionally diluted if JMAR had done the entire private placement. (And JMAR brings in a lot more $$$ with the warrants). I would rather see the warrants extended than not. It would be a bad move to get rid of a perfectly good method of funding. Most warrant holders are shareholders also. Interesting volume and price today on warrants. Don't know if it means anything, but the news should be out soon. (Note: only 3 notes till we hit 5,000 notes on the JMAR board) --Bilberry