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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: NTT who wrote (8925)	2/5/1999 11:13:00 PM
From: Steelguy	Respond to of 37507

Good points on excercising the warrants NTT.....you could be right. sg

To: NTT who wrote (8925)	2/5/1999 11:18:00 PM
From: Sili Investor	Read Replies (1) \| Respond to of 37507

>>>My understanding is that they are exercising the warrants, and not necessarily moving out any of their clients shares. If this is the case, any price over $1.75 would be profitable for Yorkton.<<< I'm trying to understand what you just said. When they purchase warrants (they being Yorkton and their clients), they pay BII the warrant money. Therefore, they own the warrants which gives them the rights to convert them to shares (with conditions). Therefore, the financing money is given to BII when the financing takes place, not when they decide to sell the shares. (Actually, sometimes some of the money is put in escrow but all monies for the warrants must be paid up front). So, therefore, I don't understand your statement. If they exercise the warrants, they would do so by selling. Otherwise, exercising of the warrant is a mute point.