"He sold 100K of common stock @ $.095 after exercising 850,000 of warrants?"

He made a check of 41650$ to Spider and got 833K SPQ new shares. Sold 100K from its portfolio at market and got some cash (9500$). He will make a cheque of about 2000$ or so to CRA before April 30th, 2011.

Trivial question: will Spider still be SPQ when Neil send the 2000$ cheque to the CRA next year, and what will Neil get for its remaining 733 000 shares acquired @ 5¢? Bids are open, guys!!!

A comment: when many under-priced warrants are exerciced in block at the same time (I don't know if this is the case here?), we get aa automatic dilution and our retail shares instantly 'worth' a little less. This may explain sometimes a half-cent retract on the day it happens or it is known.

GLTA.

BB.