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Non-Tech : Ontro (ONTR) -- Ignore unavailable to you. Want to Upgrade?

To: Mike Winn who wrote (25)	5/14/1998 12:04:00 AM
From: Mahin M. Samada	Respond to of 46

Mike, from what I can figure out with the warrants, they can be called by the company when the stock price goes above $11 for 20 consecutive days. Then Ontro can call the warrants back with a 30 day notice. The holder of the warrant can then purchase a share of Ontro for $8.25 So right now the warrants have quite a premium on them! But once the stock hits $11, the value of the warrant will be $2.75 For each dollar over that, the warrant should appreciate another $1 in order to maintain it's market value (perfect markets are 100% efficient, right!?!) It is quite normal for warrants like this to carry quite a premium in anticipation of the stock reaching higher levels. Remember that these are 3 year warrants. This is my take on the warrants.... anyone have comments? ciao, mahin.