GREY:ADEXF - Post by User
Post by
Kadillacon Jan 06, 2011 1:31am
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Post# 17931391
Is Cheap Paper keeing Price down
Is Cheap Paper keeing Price downI was looking at September 30 statements, and at that time it showed we had 22.9 million warrants outstanding. Only ones for sure that would have exprired are the December 2010 warrants. Therefore, we probably still have over 16 million warrants that expire throughout the 2011 year. There could be certain individuals taking their profits on the warrants in the current year and selling as we speak. I think this has to be the reason for why the price is being driven down. Once we get thru this cheap paper, i think we have the hockey stick affect and the stock price is going to soar past $1.00 in no time...
Hold on for the bumpy ride....
Kadillac.
The following table reflects the actual warrants outstanding as of September 30, 2010:
Expiry Number of Exercise
Date warrants price
$
December 12, 2010 5,568,182 0.16
December 12, 2010 690,909 0.11
July 29, 2011 2,886,667 0.20
August 20, 2011 1,013,667 0.20
September 22, 2011 3,000,000 0.25
May 18, 2011 9,199,545 0.40
May 18, 2011 601,968 0.22
Total warrants 22,960,938 0.29