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

To: Gerald L. Kerr who wrote (130)	4/10/1998 12:48:00 PM
From: Glen Abbey	Respond to of 4761

Agreed in principal, my comments relate to the discussion about how to determine the value of the warrants. It is the value expectation of the underlying stock that determines what a buyer would be willing to pay for the warrants. Note: there has to be buyers after the call to sell to, and that is not a given. With the time pressure to sell before call date, market makers could drive the warrant price down. Whether to convert or sell will depend upon the prevailing market.