There are millions of warrants expiring shortly. If the BOD were to extend the expiry date of these warrants by a reasonable length of time, it would be a very clear and positive indication that they expect a much higher s/p going forward .
Letting them expire would suggest that the liquidity event is further down the road imo.
Repricing them lower would not sit well with me.
The absence of insider buying suggests that they are in blackout and there is indeed something afoot.
Regardless , the end can't come soon enough for me and please don't advise me to sell the remainder of my holdings if I'm unhappy with the current circumstances. jmho.
Over 7 million warrants expire over the next 2 months .....3.278 million of them next week.
As of July 31, 2013, the Company has warrants outstanding entitling the holders to acquire common shares as follows: Exercise Price
|
Expiry Date
|
Fair Value
|
Number of Warrants
|
Fair Value Amount
|
Exercise Amount
|
1.35
|
13-Dec-13
|
0.31
|
3,278,689
|
1,002,988
|
4,426,230
|
1.25
|
30-Jan-14
|
0.42
|
2,000,000
|
845,919
|
2,500,000 |
