Re: Private Placements Expiring Soon? RabihSafadi
in response to
by
posted on
May 10, 2011 05:36PM
May 13 is when the warrants expire. I would expeect most have already been cashed in and most probably already traded. People start cashing them in when they have reached a double. They sell 1/2 and the other half is free money in the market. I would be surprised if a sell off occurred on Friday. If it did it would have very little to do with the warrants.
cheers