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Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?

To: Dave Shoe who wrote (2161)	3/6/1999 8:01:00 PM
From: Jason Flora	Read Replies (1) \| Respond to of 6847

Dave, I have heard that your broker may be able to do a cashless conversion in which they would convert all of the warrants and then sell enough of the common to pay for it. I am not postive about this, so you may want to check with your broker. I am betting this could only be done using a full service broker, but I could be wrong.

To: Dave Shoe who wrote (2161)	3/6/1999 8:02:00 PM
From: LT	Read Replies (1) \| Respond to of 6847

or is there a method to just sell the warrants for cash after they expire. The warrant option can't be exercised after July 18, 1999. An expired warrant is worthless. Up to the expiration date the warrant is tradable like stock. Of course it's value is determined by the value of the common. Yes warrants you intend to execute take a chunk of cash on your part to pull off. Of course if the common is $15.00 it's worth borrowing the money to execute the warrants even if you sold them the next day. However I don't see XYBR being 15 unless something changes here real quickly..... I sold half my holdings in XYBR when it went over 5 and bought SYBR see what happens there :) LT