SI
SI
discoversearch

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


To: Instock who wrote (5469)4/9/1998 10:34:00 AM
From: Dave Gore  Read Replies (4) | Respond to of 34592
 
YES, the IFLYW are a great play! 450% gain still possible

Remember my post from yesterday.....
I just purchased the warrrants after talking to the Underwriting firm and receiving the fax. Here is how they work in the clearest language I know how:

EXPIRATION: JAN. 13, 2003 (i.e. no factor to worry about)
STRIKE PRICE: $6.25
CALLABLE: at $10 per share
*******MAXIMUM GAIN******************$3.75 per warrant
*******CURRENT PRICE*************about .78 per warrant (as of now)

That's an 4 bagger. And you have nearly 5 years for the stock to appreciate to that level (i.e. $10)

Yes, you have almost 5 YEARS for this stock to reach $10 and get your $3.75 per warrant (i.e. nearly an 450% GAIN from current levels) or you can sell the warrants anytime along the way just like a stock.

If the stock itself appreciates to a level of $10 or more for 7-10 days (i.e closing price at $10 or above), the Company has the right to call them and pay you $3.75 per warrant purchased.

Of course you could lose all your money if the stock tanks, but this one looks pretty strong as Joe said. I believe Joe's price was 11 on this and remember you can sell your warrants ANYTIME along the way. The warrants trade just like stocks....it doesn;t have to reach $6.25 for you to sell.


HAPPY INVESTING