Paradigm Medical Industries Inc. (PDMI)

[mike306oh]

Thanks Smokeeater,

I'm new with this stock, and was not aware the company has issued warrants. I agree with you. PMED is a much safer bet.

Mike
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<<The warrant is a common financing method for some startup companies.

As an example of a "condition," there may be an exchange privilege which lets you exchange 1 warrant plus $25 in cash (or even no cash at all) for 100 shares of common stock in the corporation, any time after some fixed date and before some other designated date. (And often the issuer can extend the "expiration date.")

So there are some similarities between warrants and call options for common stock.

Both allow holders to exercise the warrant/option before an expiration date, for a certain number of shares. But the option is issued by independent parties, such as a member of the Chicago Board Options Exchange, while the warrant is issued and guaranteed by the corporate issuer itself. The lifetime of a warrant is often measured in years, while the lifetime of a call option is months.

Sometimes the issuer will try to establish a market for the warrant, and even try to register it with a listed exchange. The price can then be obtained from any broker. Other times the warrant will be privately held, or not registered with an exchange, and the price is less obvious, as is true with non-listed stocks.>>

For more information about stock warrants, you might visit http://www.stockwarrants.com/