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Expedia Inc. Message Board

  • system_analyst_af system_analyst_af Apr 26, 2002 7:14 PM Flag

    Re: Expe doing BIG volume

    Let me explain this for the mentally challenged.

    I hold EXPEW warrants to purchase 100 shares of EXPE at $52. I have until 2009 to exercise the warrants (per the USAI/EXPE merger proxy). Here is the simple math:

    I pay $5200 for 100 shares of EXPE and forfiet the warrants. I sell the stock for $8200. My profit is $3000


    I sell the warrants for $4700. My profit is $4700.

    My point that no one seems to understand is that the warrants WILL NOT BE EXERCISED. They may selloff like mad but it will not effect EXPE. I still have'nt seen an explaination of how the warrants will affect the stock price because there is not one.

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