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Re: Rawnoc post# 6026

Monday, 11/27/2006 4:40:47 PM

Monday, November 27, 2006 4:40:47 PM

Post# of 19383
I'm just saying that using the average strike price for the warrants and then multiplying that by the number outstanding is not the right way to calculate it when so many are out of the money. The ones that are most likely to be exercised are the ones that are very cheap, i.e. the 35 cents ones. If the stock price continues to climb, it's different....anyway, I agree that cash is probably not a big concern. Zac