RE:RE:Warrant Acceleration ResetHere is what the company said in its press release dated September 20, 2018 re: the warrant accelersation on the $4.50 exercise price warrants "
Pursuant to the Warrant Indenture, the Company may accelerate the expiry date of the Warrants in the event that the volume weighted average closing price of the issued and outstanding common shares of the Company ("Common Shares") is greater than $6.00 per Common Share for a period of 15 consecutive trading days (the "Acceleration Trigger")". "The Company confirms that as of the close of markets on September 17, 2018, an Acceleration Trigger had occurred. In accordance with the terms of the Warrant Indenture, this news release constitutes notice to Warrant holders of the Acceleration Trigger. Accordingly, the Company confirms that the Warrants are now set to expire at 5:00 p.m. EST on October 9, 2018, being the 21st day following the occurrence of the Acceleration Trigger (the "Early Expiry Date"). Any Warrants remaining unexercised after the Early Expiry Date will be cancelled."
Next we turn to the 14 trading days prior to Septmeber 17, 2018 that made that condition valid. https://finance.yahoo.com/quote/CRZ.CN/history?p=CRZ.CN
CRZ never traded above $6.00 per share the first two days of the "15 consecutive trading days" yet the condition was evidently met.
Just saying.