Looks like a lot of the NOT warrants were excercised. This is good for us, as it means that the new shareholders were made aware of the potential for this stock, probably during their visit to the camp. To me, that means that NOT SP will spike soon, and I think it will carry the ROF players to higher levels. Especially Spider, KWG and FWR with their recent core samples that were so nicely compared to NOT cores :)
GLTA
Office and Warrants
Posted by: d12 on April 11, 2008 10:30AM
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Wow, there has been a lot of discussion on this for the past few days. Here is my take. The share price was only $5.30 at yesterdays close. This is hardly enough to make it a sure thing. So, why did they exercise "many, many of them"?????
We all know they can't do anything with them until June. IMHO, if I was them I would only be concerned with what I thought the SP would be in June. They need to feel comfortable about the next couple of months. What would the point be in exercising warrants today even if the share price was much higher if they knew something bad was coming down the pipe??? On the contrary, if they knew something good was coming they would exercise in a heartbeat as they would be confident that the SP would be much higher by the time they could trade them.
The very fact that these "many" of these warrants were taken down with only a minimal discount is very, very telling. Nemis and they gang obviously were able to pitch something that made the decision easy for them. Good things coming folks....
take care all,
d12
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