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

To: Dale Kohler who wrote (5001)	2/9/1998 5:36:00 PM
From: Bilberry	Read Replies (1) \| Respond to of 9695

Dale, good note. This is one of the options that JMAR was mulling over I think. The possibility of changing the conditions of the warrants (strike and call price). I think JMAR will need additional funds far sooner than next year, so this is why I favor warrants over the private placement method. Given that the company would have diluted at $3.40 per share (for the other 2 million shares), with the swiss last fall, is why I favor the warrants. And they apparently shorted to boot. If JMAR raises the strike to $5-6, that would be fine. If they leave it at $4.68, it still beats $3.40 per share. Things should be resolved very shortly as you said. --Bilberry