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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Wizzer who wrote (815)	10/11/1998 4:33:00 PM
From: Sawdusty	Read Replies (1) \| Respond to of 4467

Hi Wizzer. I have been following the current discussion with much interest. The recent comment that this is one of the best threads on SI is very modest IMO. Regarding PP's. Assuming $800,000 @.20 with a 1/2 warrant sweetener... would not the same formula apply. What I mean is that although they get 1/2 warrant for each share, I do not see where it lowers the price of the share (but I may be missing something). If/when the warrants are excercised, the buyer will have to put up say .20 per in the first year and ?? in the second. I see it as a possible $1,200,000 offering with one third of it questionable. If/ when the stock rises to a point that justifies the purchaser's decision, he would then have the benefit of buying $400,000 worth of shares at a lower than current price. If however, it stays the same or drops, he has no advantage and has only purchased shares at .20. It would be no surprise to me to be off base here, as I am very impressed with the combined knowledge on this thread and feel like a "babe in the woods". Dan