GREY:ARGEF - Post by User
Comment by
morriconeon Feb 23, 2012 11:43am
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Post# 19573404
RE: RE: Warrant effect
RE: RE: Warrant effect 1 warrant plus .40 in cash gives the owner 1 new common share currently worth .50. So they've essentially made an instant .10 profit/share on paper.
Actually more than that since as of a few minutes ago the shares had gone up to .55 so I guess we may be breaking a bit out today.
And yes, the shares needed for the warrant conversion are freshly printed so to speak so that's a dilution for the shareholders in general.