Sold 1/3 of holding out of tax exempt a/c where I am not allowed to hold warrants, so couldn't wait for compulsory swap for K, for a 43% gain, so not too unhapppy in circumstances.

What kind of tax exempt account is that? AFAIK, RRSP accounts can hold warrants. After all, they're just long dated options and you can hold those. You can't write puts or calls in an RRSP, but that's a different animal. Don't know about IRAs and 401K's though. Anyone here know?

In the event you can't hold warrants in a tax ex. acct. talk to your broker. They should sell them on receipt and deposit the cash to that acct. not cut you a check and sent the money as that would be a tax event. Seek clarity on this before you jump, people.

ebear