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 : Nam Tai Elec. (NTAI) -- Ignore unavailable to you. Want to Upgrade?

To: DanD who wrote (1301)	3/26/1998 10:36:00 AM
From: David Leith	Read Replies (2) \| Respond to of 1696

I'd be careful about overpaying for the warrants. Check out my post on Yahoo!: messages.yahoo.com@m2.yahoo.com Traditional Black-Scholes theory does not apply here, because of the implicit cap on the upside provided by the ability of the company to call the warrants when the stock price reaches $25.50 per share. My estimate is that the warrants are worth $3.25, but feel free to use my formula with your own assumptions. In case the link above doesn't work, see message 420. All IMHO. David