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

To: Glen Abbey who wrote (128)	4/10/1998 12:28:00 PM
From: Gerald L. Kerr	Read Replies (1) \| Respond to of 4761

Cdn eh!, the only reason for converting the warrants to shares would be if you want to own the stock for a long time. Otherwise, conversion is a non-issue and we just buy/sell IFLYW as if it were a stock until or unless the company calls the warrants. Even if the warrants are called, there is still a thirty-day period during which IFLYW will trade just as if it were a stock whose price tracks the price of IFLY. Gerry p.s. Hope everyone stops worrying about the conversion issue. Conversion is relevant only if you want to own the stock as a long-term investor in the company. The happy fact is that now that the price of IFLY is above $6.25, if IFLY goes up a buck IFLYW will go up about a buck also. Of course, if IFLY goes down, so will IFLYW.