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Non-Tech : Any Stock Warrants -- Ignore unavailable to you. Want to Upgrade?

To: Chartgod who wrote (582)	12/7/1998 1:51:00 PM
From: Tummus1	Read Replies (1) \| Respond to of 1916

FYI ORTC and ORTCZ(warrants) are starting to move. HEAVY insider buying by G. Soros: biz.yahoo.com Here are the warrant terms (ORTCZ= Class B) from latest press release: "In a separate matter, Ortec announced the extension of the expiration date of its Class B warrants (NASDAQ: Small Cap: ORTCZ) to May 28, 1999. The warrants, which are callable by Ortec, have a $15 exercise price and were set to expire on Jan. 18, 1999. There are currently approximately 1,188,600 Class B warrants outstanding. The Class B warrants were part of Ortec's initial public offering of its securities in January 1996. Through that offering, Ortec issued 1.2 million units at a price of $5 per unit. Each unit consisted of one common share and one Class A and one Class B warrant with exercise prices of $10 and $15 respectively. In December 1997, the holders of 1,080,000 Class A warrants exercised them providing Ortec with $10.8 million in gross proceeds." Note the extension of the expiration date. Is this generally considered a bullish sign? Thanks TW