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Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?

To: STEVE who wrote (3437)	1/3/1999 1:05:00 PM
From: M.R. Davis	Read Replies (1) \| Respond to of 4761

Steve IFLY warrants can be called in when the bid price on the stock trades above $10 for 7 out of 10 days. End of business Wednesday will be ten days by my count (please correct me if I'm wrong) - providing they can keep the bid price above $10. Benefits for the company - 2.7 million warrants converted to shares over the 30 days after the call at $6.25 per share. That's $16 million in cash for company to fund future expansion with. Hubric and his friend (s) claim they are going to deny IFLY that opportunity by shorting the stock heavily and crashing the price. Says he's going to do it Monday - Wednesday would be a much better day to pick. Alas poor Hubric! We knew him Horatio - a man of infinite pride.