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Non-Tech : PSCKF - Playstar Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Todd Pagel who wrote (222)	5/6/1999 9:16:00 AM
From: interesting man	Read Replies (2) \| Respond to of 330

All I care about are contracts and EPS. I never did get any response on the E-Mail I sent to the company. Oh well I guess Im a peon, for just owning 100,000 shares.

To: Todd Pagel who wrote (222)	5/6/1999 8:12:00 PM
From: heatseeker	Read Replies (2) \| Respond to of 330

OK, dumb question time! Can someone explain how warrants work. This is from the most recent 10-QSB filed 4/19/99: During July, August and September 1998, through a private placement offering, the Company issued 8,002,000 shares of its common stock at prices ranging from $.2580645 to $.50 per share, realizing total net proceeds of approximately $1,939,000. Additionally, the Company granted 929,370 shares as issuance costs and 6,500,000 of warrants to purchase shares of the Company's common stock. These warrants were granted to investors, in addition to the shares they purchased, and as payment for issuance costs. The warrants are exercisable as follows: 5,300,000 warrants at $.80 per share, 1,000,000 warrants at $1.25 per share, 100,000 warrants at $1.00 per share, and 100,000 warrants at $.50 per share. All of the warrants expire in May 2000. What is a warrant? And how do the exercise prices work? Thanks in advance, heatseeker