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Non-Tech : BJ's Restaurants Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Lhn5 who wrote (146)	5/6/1998 11:01:00 PM
From: Wowzer	Respond to of 865

Not quite sure what you mean, but the warrants as I understand them can be exercised by the company if the stock remains above $7 or $7.50 for a certain amount of time (can't remember the exact price or time frame). In other words, the company will receive $5.50 in cash from the warrant holders who convert their warrants to common stock. Hopefully the warrant holder is paying $5.50 for a stock that is trading at $7 plus in the market. The dilutive effect of these warrants is quite significant, but hopefully the strength of the company and growth possibilities from these additional funds will outweigh the dilution. The $5.50 strike price is so far off right now, I haven't really looked into it much. Hope that helps, Rory