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Microcap & Penny Stocks : PLCO Internet collectables, childrens toys...etc -- Ignore unavailable to you. Want to Upgrade?


To: Israel who wrote (302)5/12/1999 5:30:00 PM
From: kbert  Read Replies (1) | Respond to of 1296
 
Israel,
I don't think it is like that
PLCOW gives you the right to purchase PLCOP at $5
So when PLCOP reache $5 PLCOW is in the money
When PLCOP reaches $6 PLCOW is worth $1+extra
Extra maybe as much as $1.
See IFLY, IFLYW for example.
Only preferred convert automatically.
:)
Archie