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To: Josef Svejk who wrote (1668)11/18/1998 12:54:00 PM
From: kili  Read Replies (1) | Respond to of 7720
 
We're still far from seeing the magic levels of $24/$12, so I feel quite comfortable with a 'wait-and-see' attitude. We have a lot of heavy trading to go through before any settling of the price in the upper teens can be expected.

However: Shares have been know to double or more in very short time spans in history, so why not? Should this become a practicle 'problem', I'll be on the first flight over to you so we discuss the matter over a cup of coffee.

Kim



To: Josef Svejk who wrote (1668)11/18/1998 1:00:00 PM
From: george m galpin  Read Replies (2) | Respond to of 7720
 
Josef---
If there were blockbuster news the warrants would follow the common dollar for dollar after the stock goes thru 24. After all, the cost of the share you convert to will still be 12, so if the stock goes to 30 the wts will be worth 18 and there will be an active market in them until the deadline created by the company calling for conversion. The only thing you have to be awake for is getting the conversion done in the required time frame after the company calls them.
gmg



To: Josef Svejk who wrote (1668)11/18/1998 1:26:00 PM
From: dwight martin  Read Replies (2) | Respond to of 7720
 
I am not trying to be a pain, but if the stock is going bonkers we may get to buy the stock at a level above $24 during the 20-day period. If so, won't the warrants have been an even better deal?