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


To: Sverre Schriwer who wrote (80)4/9/1998 9:13:00 PM
From: Sverre Schriwer  Read Replies (1) | Respond to of 4761
 
OK, I checked edgar to the bitter end. It _is_ $6.25

The warrants can also _not_ be exercised without written consent (fat chance!) until jan 13 1999. Exerpt from edgar follows:


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 the date of this Prospectus. 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 (the "Securities Act"), 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 shall require the written consent of First London Securities Corporation, one of the representatives of the Underwriters (collectively, along with First Liberty Investment Group, Inc., the
"Representatives"). See "Description of Securities."