AI
Tuesday, March 02, 2004 11:22:12 AM
ELANZ calculation...fwiw
Elanz expire 8/05 - August - 2005
strike is $26.63
conversion .12758
if you buy 10,000 shares it "converts" into
1275 shares of ELN
at $26.63 your 10k shares will be worth
26.63 X .12758(conversion)= $3.40 X 10k) =$34,000
when price of ELN is 26.63 each warrant could be converted into .127 shares
so eight warrants would be 1 share
so buying 8,000 warrants at .75 or $6000 could get you $34,000 if ELN is $26.63 or above by Aug 2005.
Good luck
R
Elanz expire 8/05 - August - 2005
strike is $26.63
conversion .12758
if you buy 10,000 shares it "converts" into
1275 shares of ELN
at $26.63 your 10k shares will be worth
26.63 X .12758(conversion)= $3.40 X 10k) =$34,000
when price of ELN is 26.63 each warrant could be converted into .127 shares
so eight warrants would be 1 share
so buying 8,000 warrants at .75 or $6000 could get you $34,000 if ELN is $26.63 or above by Aug 2005.
Good luck
R
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