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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (892)	4/16/1998 6:22:00 PM
From: EaglePutt	Respond to of 25711

On Warrants..... In September 1997 the Company amended the terms of its Series A Redeemable Common Stock Purchase Warrants. Pursuant to the amendment, (i) the exercise price of the Warrant was reduced from $4.50 to $3.00, and (ii) upon payment of the $3.00 exercise price, the Company will issue two shares of Common Stock,resulting in an effective exercise price of $1.50 per share. The amended terms will remain in effect until December 16, 1997. For the period October 1, 1997 through October 29, 1997, 629,880 warrants were exercised and the Company received $1,889,640 in gross proceeds. As a result, the Company issued 1,259,760 additional common shares in October. ------------------------------------------------------------------ Sounds like a 1/4 for a warrant is cheap for stock values at 2-3.. but I doubt we can buy at 1/4 tommorow