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Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?

To: Rajiv who wrote (60)	4/9/1998 5:04:00 PM
From: Woody	Read Replies (1) \| Respond to of 4761

I asked my broker if there was a "blue sky" application for IFLYW for Pennsylvania residents. There isn't. For Virginia, there is. In VA the warrant can only be traded like any other common stock. Woody p.s. I'm no expert on this.

To: Rajiv who wrote (60)	4/9/1998 6:29:00 PM
From: Rock	Read Replies (1) \| Respond to of 4761

Thanks was getting ready to post same info, IFLY -------------------- = 6.96875 IFLYW - 1.03125 + 6.25 = 7.28125 showes that the warrant is over priced by .3125 cents

To: Rajiv who wrote (60)	4/9/1998 9:10:00 PM
From: Rajiv	Read Replies (1) \| Respond to of 4761

From IFLY's 10-K filing Each Warrant entitles the holder to purchase one share of Common Stock at a price of $6.25 per share during the five-year period commencing on January 15, 1998. The Warrants are redeemable by the Company for $.05 per Warrant on not less than 30 nor more than 60 days written notice if the closing price for the Common Stock for seven trading days during a 10 consecutive trading day period ending not more than 15 days prior to the date that the notice of redemption is mailed equals or exceeds $10.00 per share, subject to adjustment under certain circumstances and provided there is then a current effective registration statement under the Securities Act of 1933, as amended, with respect to the issuance and sale of Common Stock upon the exercise of the Warrants. Any redemption of the Warrants during the one-year period commencing on January 13, 1998 will require the written consent of First London Securities Corporation. Regards, Rajiv