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Elan Corporation, plc Message Board

  • bs572 bs572 Dec 14, 2001 11:32 AM Flag

    Warrants Expiry.

    Killing the warrants due to expire at year end is an excellent strategy for the long term.

    How it was arranged will always be a mystery to
    the public and the SEC.

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    • The Elan A warrants that expire at the end of this year have a strike price of $18.715. (They were originally struck at $37.43 but the strike price was reduced in half as a result of Elan's 2 for 1 split. They are exercised by paying $37.43 for two Elan shares.) Thus, these last few posts, like most everything else posted by bs572, can be safely disregarded.

      • 1 Reply to kontil477
      • Kontil: thanks for the details about the warrant split. My sources had not been updated for the 2:1 .

        As a rule, warrants and conversion options have a diluting effect on earnings if they lead to the issue of shares at a price below the average stock-market share price.

        Now that you have confirmed that the warrant rights are excersisable, it makes the valuation even more interesting because of the discrepancy in prices.

    • sold_maris_bought_my_house sold_maris_bought_my_house Dec 14, 2001 11:49 AM Flag

      BS,

      Your posts remind me of the expression "a little knowledge is a dangerous thing".

      Are you really mentally retarded or do you just get a kick out of irritating people? I am not joking.

      Since it is the festive season, may I offer you some new year resolutions. Have a bath, buy some deodorant, buy some t-shirts that do not have x files or roswell slogans, and go out and meet people. This is how you meet *GIRLS*. Who knows, you may eventually come across one that you don't have to pay in advance.

      Happy holidays.

 

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