SGE et al, S&L Warrants
in response to
by
posted on
Aug 31, 2007 07:27AM
"On July 19, 2007, we entered into a warrant redemption agreement with a warrant holder, whereby at our option, we agree to redeem certain warrants representing the right to acquire an aggregate of up to 7,000,000 shares of our common stock, through October 2007. The warrants may be redeemed in quantities not to exceed 2,000,000 warrants in the first two calendar months and 3,000,000 in the last calendar month, 10K"
Does this mean we will purchase 2m in August 2m in September and 3m in October ?
And what determines the Purchase price ?
And if the purchase price is tied to current price then would not the current sideways SP be a good thing untill the warrants are done ?
And if that is so would we really want any strong PR right now?
And don't you get the sense sometimes that this whole saga is being carefully manipulated for a very positive ending once all the "ducks are in a row" ?
Sorry, I know...a lot of questions.. and I'm not even from New Jersey !