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Re: SGR Increases Treasury by $37 million on Exercise of Warrants - June 16, 200
Thank Dundee and Cormark and the rest of the brokers for the kick to $2.56. A little incentive called 6% of the dollar value of warrants they exercised. Is this not blackmail? They held the price down long enough that San had to pay them or face having a lot of warrants going unexercised and another placement. The brokers won either way. Amazing how the price shot up after the announcement!