More Questions For A Dreyfus Fund Manager
On Jan. 28, 1997, an obscure Houston manufacturer called American Medical Technologies Inc. registered 5.4 million stock-purchase warrants with the Securities & Exchange Commission. In the world of micro-cap stocks, warrants are a kind of gold-plated discount coupon that allow favored investors to buy stock at below-market prices. In this case, the 100 warrant holders were getting a chance to buy American Medical shares at 50 cents to $1.25 each--for a stock that was trading at about $2.
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