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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (9351)	4/22/1998 2:16:00 AM
From: Coral Lady	Read Replies (1) \| Respond to of 34592

To Joe Copia: I bought IFLYW at $1. According to your explanation, I should either sell the warrants when the common hit $6.25 or convert before the $10 (7 days) is hit. Now IFLY is over $6.25, does that mean my only choice is to convert ? I am using DATEK online, how do you convert a warrant without using a broker ? To convert I need to pay $6.25 per share, plus my original cost $1, that is $7.25 - what's my possible maximum gain per share? $10 - $7.25 = $2.25 ? Is this correct ? Can I still convert each warrant with $6.25 extra cost for a common after the common hits the $10 & 7-days condition? What's the normal solution for warrants in this case ? Thank you in advance if reply. Coral