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To: Steven Finkel who wrote (5498)4/14/1999 2:31:00 AM
From: Tummus1  Read Replies (1) | Respond to of 57584
 
Steve
I see that you stated that the conversion on the warrants is $4. I found the passage below in the latest Edgar filing and am trying to make sure that it makes sense to me. It states that the conversion is $16 but takes into accounta four to one split. Is this where you get he $4 and if so how? Thanks
TW

"Each unit sold
in the offering consisted of two shares of common stock and two
redeemable class A warrants. The common stock and class A
warrants were detachable and trade separately. The class A
warrants are exercisable commencing one year from the Effective
Date. Each class A warrant entitles the holder to purchase one
share of common stock at $16.00 per share (after giving effect to
a one-for-four reverse stock split of the common stock effected
May 19, 1998 (see Note 9) and subject to adjustment for anti-
dilution) during the four year period commencing one year from
the Effective Date."



To: Steven Finkel who wrote (5498)4/14/1999 2:33:00 AM
From: Bucky Katt  Read Replies (1) | Respond to of 57584
 
All I know is who is buying large chunks of ONSS, so from this I deduce that it is going to make a run, of course I knew this when it was a buck, what I did not know was the why and how. I now know the why, but I think we will get an idea of the how in the near future.
These are very smart people, they see what is going on in the inet stock world, they want to do well and make money, so I am sure they will jump on somehow. I will just go along for the ride. Simple.
(and the float is becoming extinct)