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Microcap & Penny Stocks : THE NEW ISSM!!!! -- Ignore unavailable to you. Want to Upgrade?

To: Stanley L Brown who wrote (823)	6/4/1999 12:34:00 PM
From: The Osprey	Read Replies (1) \| Respond to of 915

My,my,my Stanley........that's not what I call very impressive at all. As you know if management chooses not to extend your warrants kiss 100% of them good-bye at expiry.Master Confucious was right.You must have come here to gloat.I can think of no other reason. As to the account balance....well all I can say is based on your weak argument better you buy Mutual funds and spare yourself the torment of the situation with ISSM. Have a great day, The Osprey

To: Stanley L Brown who wrote (823)	6/4/1999 1:09:00 PM
From: MasterConfucius	Read Replies (1) \| Respond to of 915

Ok, Stanley, you exposed my ignorance. So I get to exchange my 1,000 XYBRW for 1.5 shares of common at a strike price of $9.00, which would mean $6.00 a share. And the current price of XYBR 3 1/4 for a company that is currently trading near it's yearly low. So in other words, had I purchased that 1000 warrants for $1.00 back when you first came on ISSM to advertise your financial genius, I would have taken a 75% haircut on the value of my warrants, and then if I excercise them at $9.00, I get to shell out $9,000 of which I will immediately get an immediate 50% haircut....This is of course if the management is gracious enough to extend the warrants past July 1, 1999, which is no guarantee whatsoever, whereupon the warrants will be worthless. What if I don't have $9,000 to excercise the warrants? Tough luck, ain't it? I'm learning all kinds of novel ways to loose money. Thanks for the advice Stanley. To: Ernest Hung (677 ) From: Jason Flora Friday, Apr 16 1999 1:53AM ET Reply # of 705 For anybody following XYBRW - the terms of the warrants have had an effective change due to the anti-dilution provisions. "At December 31, 1998 a total of 3,846,427 warrants to purchase common stock were issued and outstanding related to the Company's IPO and the conversion of debentures during 1996 and 1997. These warrants originally entitled the holder to purchase one share of the Company's Common Stock at an exercise price of $9.00 and expire on July 17, 1999. These warrants contain anti-dilution provisions that, upon the issuance of the Series A Preferred Stock and the Series B Preferred Stock, have adjusted the number of shares that can be purchased with one warrant to 1.50, resulting in an effective exercise price of $6.01, and 5,762,060 shares of common stock that would be issued upon full conversion of the warrants."