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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?

To: Banditjrjr who wrote (2559)3/11/1999 9:00:00 AM
From: kbert  Read Replies (1) | Respond to of 5541
 
If stock goes too high company forcess owners to exercise by saying
they will call back the warrants for nominal price.
Owners are notice time to exercise usually 30 days.
:)
Archie




To: Banditjrjr who wrote (2559)3/11/1999 9:40:00 AM
From: Vegas  Respond to of 5541
 
I still don't quite understand the warrants thing though??

The warrants work like a CALL Option. It gives the holder the right to purchase stock from the company at a pre-defined price. In this case $.35

I would assume the warrants were given to the original investors as an extra incentive. Companies do this often for pp's. They sell units were a unit consists of 1 common share and 1 (or more) warrants.

JF


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