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Subject:  Re: subscription warrant Date:  7/5/2005  5:12 PM
Author:  jrr7 Number:  1569 of 2244

Subscription = buying a stock directly from a company as part of an IPO or secondary public offering

Warrant = an option on the company's stock issued by that company, often containing special terms

Expiration = warrant is no good any more

Translation: The company gave out/sold subscription warrants on its own stock -- a contract that gives the holder of the warrants the option to buy stock in a secondary offering. The warrants had an original expiration date, but also contained special terms that allowed the company to move up the expiration date if it felt necessary. They're moving up the expiration date.

Thus saying, they don't need cash right now, or feel that the warrants are too-low priced, or don't want to dilute the stock any more.

Unless you're the holder of these warrants, this is most likely good.
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