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


To: Dave Gore who wrote (5479)4/9/1998 10:38:00 AM
From: pat w.  Read Replies (2) | Respond to of 34592
 
IFLYW could be worth $3 on monday!!!! check it out.



To: Dave Gore who wrote (5479)4/9/1998 10:41:00 AM
From: Instock  Respond to of 34592
 
IFLYW is starting to take off. Has alot of catching up to match IFLY. MANY people did not know IFLY had warrents. Word is catching on now and the warrants IFLYW are starting to get strong buying volume.

Good Luck to all

Instock



To: Dave Gore who wrote (5479)4/9/1998 11:46:00 AM
From: pat w.  Read Replies (1) | Respond to of 34592
 
REF IFLYW, COURTESY OF DAVE GORE. check out "arb" on ETELW, RMIIW
WITH common stock. THIS IFLYW will pick up.

thnaks to dave gore.

To: +Instock (5469 )
From: +Dave Gore Thursday, Apr 9 1998 10:33AM ET
Reply # of 5550

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




To: Dave Gore who wrote (5479)4/10/1998 12:30:00 PM
From: Andrew H  Read Replies (1) | Respond to of 34592
 
David, there is some misinformation in your IFLYW post which I would like to correct for the benefit of those who hold IFLYW.

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.
<<

There are some mistakes in the above analysis that investors should be aware of--if these have been corrected in a prior post, please ignore.

Fist of all, the potential upside for IFLYW is not necessarily limited to $3.75, although that would be their approximate value with the stock at 10. Chances are good that if and when the stock closes above 10 for 7-10 consecutive days, that the price of the stock may reach 11, 12, or more during that period. In that case the warrants would trade for approximately 4.75, 5.75, etc., depending on the price of the common.

Furthermore, for a variety of reasons (c.f., TAVA), the warrants may not be called right away, and even if they are, they will probably trade in the open market for a few weeks after they are called (since the company will most likely allow 30 days for warrant conversion}, so their value could appreciate even more. There is no specific upside limit, and the actual warrant price will depend on the price of the stock. If the common reaches 15 before conversion is required, the warrants could conceivably sell for 8.25 (unlikely, but possible).

Finally, the company will NOT be paying anyone 3.75 for the warrants. Warrant holders will be paying the company 6.25, which along with one warrant will buy them one share of IFLY.

The above is my best understanding of the current situation and is posted for the benefit of cafe patrons and friends. Please verify for yourselves. One should always ascertain for himself the exact and correct information regarding the securities in which he is investing.