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To: Ice Cube who wrote (7653)6/15/1998 5:15:00 PM
From: Alan Coccio  Read Replies (1) | Respond to of 10903
 
I had mentioned the warrants from Mayfair but totally forgot that the Pinetree Capital deal had warrants too. They have the option of 100,000 warrants at an exercise price of $1.00 until June 27th so they'd be fairly foolish to not jump on them and lock in a 40-50 cent profit. I would think they already are doing it.

Just to give some folks an idea of the type discounts these guys get that do the 504D placements like Thomson Kernaghan did, here are a few of his deals:


Date His Price Closing Price That Date
9/4/97 .21 .406
9/24/97 .50 .75
11/5/97 .50 .656
12/10/97 .22 .40
1/26/98 .22 .37


Not too shabby!



To: Ice Cube who wrote (7653)6/15/1998 11:47:00 PM
From: Pierre Mondieu  Read Replies (1) | Respond to of 10903
 
Ice--you know what they say about a horse and some water, so I'm going to let this topic drop for the sake of everyone else...