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To: TimC who wrote (2)12/24/1998 2:08:00 PM
From: Qone0  Read Replies (1) | Respond to of 5
 
No, exercise price is 9 3/4. The warrants don't expire until 2003. The price of the warrants will follow the price of the common.

Common closed at 13 1/8. Warrants at 4 1/8. The warrants give you long term leverage because you can buy more with the same amount of money. But they cost more than you can convert to common for, so there is more risk.

If the common goes up you will make more money than if you bought common. If the common goes down you will lose more money than if you bought common.