Re: PNP WARRANTS .....if only.....
posted on
Feb 07, 2016 04:38PM
If I won the lottery last night, I would contact IR and PNP to broker a deal where a bridge loan would be put in place to allow them to exercise the warrants. I would then get my own bridge loan secured by a letter from the Lotteries Corp to confirm I do in fact have the funds but require time to have them be made available to myself. I would negotiate a deal where I promise to acquire all of the shares that are converted warrants (2.7million) for a premium of 1.10/share. They get a 10% bonus for exercising them and the interest for a week is negligible. Once all the lawyers get things figured out (in 3 days!!) we wait for the price to rise to 1.10. At that point there would be a huge cross of 2.7 million shares with no share price affect. They get a clean $270,000 minus costs (say $250k all in), I get 2.7 million shares for 1.10. Now I just need to check my tickets and make some phone calls. If it goes down that way folks, the first 3 rounds are on me at the AGM. I'll email the secret handshake. Regards. Derekwpg