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

To: heatseeker who wrote (226)	5/6/1999 9:32:00 PM
From: THOMAS GOODRICH	Read Replies (1) \| Respond to of 330

I am not the one to explain the concept of warrants, however, don't worry about Microsoft stream rolling Starnet or PlayStar. Bill's interest in online gaming was actually revealed over a year ago, so nothing's really new. I am not however, an advocate of buying stock in individual web site operators preferring instead to focus on the vendors with multiple revenue streams. PSCKF and SNMM both fit into this category. Corel Corporation entered the online gambling business a few years ago with Cyberoad Gaming Corporation so, it's no surprise Microsoft or Bill Gates (or both) would find this lucrative as well. Here is an example of a Cyberoad site: mayansports.com (The Mayan Sportsbook) The Big Book and Grandprix Sports are a couple of other sites. TG

To: heatseeker who wrote (226)	5/6/1999 9:47:00 PM
From: stevie	Read Replies (1) \| Respond to of 330

As I understand it, warrants are rights to buy shares. When you do a placement you give warrants as an incentive. It means that the owner of the warrant can buy or excercise the warrant for the agreed price any time before the expiration date. Many of the warrants eg at .80 cents and above are "out of the money" and if they were expiring to-day they would expire unexcercised. Why would you want to buy shares if the price for the warrant is 80 cents but you can get those same share for 60 cents in the market?? To put those warrants into the "money" the price of the stock must be above the price of the warrant. Warrants also further dilute the shares because they are added to the amount issued. On a positive note, the money raised by warrants goes to the company. Regards Stevie