Sorry don't agree with this;

"The shorts will not cover - it's merely a fund hedging their long position at $1.35, creating the warrant for free"

Likely a broker in the placement taking a position for free and able to hold that short untill his paper becmes free trading.

Now I have done hundreds of placements and my brokerage firm will not allow me to do this.... |I have to hold the placement stock till the final day before I can sell it. I also have to have funds that have settled to take part ina placement.

As for a fund...I find it a stretch that a fund would not just cut a check for a placement like everyone else....Too small a position for a fund to dick around that way.

Heck given the oportunity I would have taken 400 K under those terms.... sell it short, use the funds from the short to pay for the placement.... ride 200K wts for free. I don't think thats allowed to take a placement that way.

If it was a fund why the attempt to push PRB down today.... looks more like an over extended broker to me....JMHO

Have a great weekend everyone... time for golf!

JMHO