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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (53066)3/23/1999 9:57:00 AM
From: Eggolas Moria  Read Replies (2) | Respond to of 132070
 
MB --

Thanks for the clarification on this issue. I didn't see the put warrants mentioned in the latest 10-Q. Did I miss them (admittedly I scanned the document and used a search function looking for "put", but that just gave me tons of hits on the word computer <g>).




To: Knighty Tin who wrote (53066)3/23/1999 9:58:00 AM
From: Tommaso  Read Replies (2) | Respond to of 132070
 
How derivative can derivatives get? I never heard of put warrants, but one can keep learning. Now how about options on put warrants?

Let's see, if the stock gets low enough to exercise the warrant, then you get a put for it, and then you excercise that and the company issues you stock at that lower price, thereby instantly diluting what remains. Sounds like a good procedure for a profitable lemonade stand. Float a lemon peel and add more water.


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