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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (4991)	4/7/1998 4:01:00 PM
From: Always Moving	Read Replies (1) \| Respond to of 34592

In IFLY today!! Great close. Wanted TPII, just could not quite justify chasing it. Thanks Joe & All Gary

To: Joe Copia who wrote (4991)	4/7/1998 4:07:00 PM
From: eric deaver	Respond to of 34592

Joe, Strike price - I've heard $6.25-7.50 from IR. Can convert at that time for the strike price only. Company can call warrants after price is over 9-10 (not sure which) for 5-10 days. This from my telephone call with IR people at 214-220-0693. If anyone has any other specifics, please post here. Thanks. Eric

To: Joe Copia who wrote (4991)	4/7/1998 4:10:00 PM
From: Andrew H	Read Replies (2) \| Respond to of 34592

>>andrew. on IFLYW after the terms of the exercise price (stock must close above 10 for 7 of 10 consecutive trading days.. ) you can then convert your warrant for 1 IFLY common plus .05 right?<< Its Andy, Joe. I did not ask that specific question, but I seriously doubt it. My guess is that the .05 is what they will give you for the warrant if you don't convert it. The price of the conversion is 1 warrant + 6.25, not 1 warrant +.05, if that is what you are suggesting. Before or after the stock trades at 10 or higher for the 7 consecutive days, the conversion price is one warrant + 6.25. After the 7 consecutive days above 10, the company can call the warrants which means that you have a relatively short period of time (most likely 30 days or so) to convert your warrants to shares at the 6.25 strike price. That is my understanding.