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

To: Andrew H who wrote (952)	5/2/1998 3:04:00 PM
From: Citidude	Read Replies (1) \| Respond to of 4761

Thanks Andrew, appreciate it!! As you were posting, I was editing my message as after reading it I thought I should make myself more clearer, but I guess you understood me the first time. Thanks again. Chris

To: Andrew H who wrote (952)	5/4/1998 9:48:00 AM
From: LAWRENCE C.	Read Replies (1) \| Respond to of 4761

IMHO 1,2 and 3 are correct. As for the #4, the market value of the warrants after the warrants are called is less certain. If there is a glut of selling in IFLYW which exceeds the demand because warrant owners do not have the funds to convert or many warrant owners trying to take profit-taking at the same time or any other reasons, the value of the warrants during the call period could at times be lower than IFLY-6.25. Also expectations are a factor, if IFLY is expected to continue rising after the warrants are called that would be bullish for the IFLYW. Lucky Lawrence