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Non-Tech : Any Stock Warrants -- Ignore unavailable to you. Want to Upgrade?

To: Paul B. Mackey who wrote (256)	4/17/1998 10:23:00 AM
From: Eric Maggard	Read Replies (1) \| Respond to of 1916

Stock price is now 6.25. If, at <say> $8.00, I exercise warrants, won't I, in effect, be spending $7.00 plus $1.00 (.05x20) to get $8? SCCO is the stock. From the description it sounds like you would be paying $7 to get 20 shares valued at $6.25. If you exercise now. So, in reality the warrants that you hold would be fairly valued at $118. 20 (number of shares) x $6.25 (current price) - $7 (cost of conversion) = warrant value. I think this would be correct, but don't have any experience with warrants purchasing 20 shares. So, I think that the warrants would increase in value $20 for every $1 in common movement. Anyone, does this look correct to you? If not, please correct. Good luck, Eric P.S. It looks like the warrants for NTST are convertable for $4.5 for 2. So, if the stock goes to $4 - $4.5 the warrants should be the same. There is still talk that it could be $3. If that is correct, it could be even better. Good luck to all.