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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 (65)4/9/1998 7:49:00 PM
From: Secret_Agent_Man  Respond to of 4761
 
Rajiv, I found the error of my ways in premiums.... Thanks for the lesson. however, my math works well above $6.25 ROFL. I bought the commons as well to be sure to hit this issue where it will count the most. I would love to be able to exercise my warrants in at a strike price of 6.25 when the price is $25.00 it's possible...

Byron



To: Rajiv who wrote (65)4/9/1998 8:16:00 PM
From: Secret_Agent_Man  Respond to of 4761
 
Rajiv, I'm counting on the underlying value in IFLY with
a price of 5 1/8 it was trailing sales ~5.45x now at 6 31/32
trailing sales =? relative to most internet plays let's just let it approximate the valuation of it's counterpart PTVL



To: Rajiv who wrote (65)4/10/1998 12:59:00 PM
From: Andrew H  Read Replies (1) | Respond to of 4761
 
>>Think about it and you will find the flaw in your math.<<

Agree with your basic premise, but the flaw is in the logic and terminology, rather than the math itself.