Tuesday, November 27, 2007 6:07:31 PM
If I were an institutional investor, I would perhaps simply keep the Warrants. I know I can get back in if the stock goes above 2.40. I would consider selling the stock to achieve a tax loss if I wanted.
SO they are free on paper now, but they certainly took into account future cash flows when they did this deal. and, they are currently down in the stock, so they are not really "free".
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