GREY:ATIVF - Post by User
Post by
feasttimeon Apr 30, 2009 3:38pm
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Post# 15957292
Re: Triggering Effect
Re: Triggering Effect
The warrants are @ .20 and the stock is @ .30.
To raise $1MLN @ .30 = just over 3.3MLN shares to be sold into the market in order to raise the cash to pay for them.
We are now in day 10 with an avge closing price above .266 and during the last 10 days we've traded over 9MLN
shares - I bet that there were many sellers raising funds to cover the warrants, so I expect this overhang to gradually
get eaten through over the next week or so, especially with the publicity and news flow.
GLTA
FT