HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: $5 warrant
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Re: $5 warrant

posted on Mar 11, 2008 11:33AM

Correct me if I am wrong but when the finacing was done the SP was around $4.00. The warrant were an incentive for the investors to buyin with the bonus being the warrants at $5.00. Now if the SP never gets above $5.00 the warrant are useless. The provision in the terms when the warrants were issued was that if and when the SP closed above $6.00 for 10 days in a row then there was an acceleration clause whereby the holders of these warrants had to excercise them.

Seems like a mouthful, but as I said give me all the warrants in the world at $5.00 when the SP is $6+++. Quick profit!!!

Tell me if I am wrong, please!

Thanks Justduke

5 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply