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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Madpinto who wrote (321)	4/10/1999 10:50:00 AM
From: Stephen O	Respond to of 6016

The warrants are trading off the price of the common, so about $1 less than the common price. However they closed last trade at $2.70. As regards the preferred, it's listed on Calgary and is in US$. Each Preferred is convertible to 4 common shares so at close today they are intrinsically worth $14Cdn per share which is US$ 9.33. There are not very many outstanding and trade very thinly.