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

To: Secret_Agent_Man who wrote (150)	4/10/1998 2:18:00 PM
From: Emec	Read Replies (2) \| Respond to of 4761

Byron, You are right. No cap on the warrants. Company can't call them until stock has traded above 410 for 10 days. What if stock hits $10 on day 1 and goes to $15 5 days later. I could exercise and buy a share effectively for 7.125 (I paid 7/8 for warrants). The market would be willing to pay me much more for my warrants at this point.

To: Secret_Agent_Man who wrote (150)	4/10/1998 2:43:00 PM
From: LAWRENCE C.	Respond to of 4761

You asked what I was willing to pay. Now what other people would be willing to pay is based on expectations of IFLY's and IFLYW's future prices by buyers and sellers. You also have to be careful not to be caught by warrant selling if they are called. If a lot of warrants are dumped because the people don't have the funds to convert you can get burned. But that is a long-term concern. Holding the warrants could become quite lucrative if the stock goes to $10 or more. $17 and I'd be singing with the rest of you. Time will tell. If warrants go to $2. 2-.87=1.13 113% increase $3 3-.87=2.13 213% increase $4 4-.87=3.13 313% increase Of course this is assuming that IFLY will continue to climb which I believe it will. So how much would you pay for our warrants if the stock climbs to $17? Lucky Lawrence PS - I paid $.87 for mine.