GREY:PTVYF - Post by User
Comment by
CalifDreamingon Aug 08, 2008 2:28am
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Post# 15367939
RE: I can't find any .60 cent paper!
RE: I can't find any .60 cent paper!The 60 cent PP was done back in April, the 4 month hold expires on the10th as posted before. You have to think alot of the current PP holderswill be in the PP at $1.10 so why hurt your share price for a smallgain when much more is coming.
Only thing that bugs me is thesuddenly thin bid today and if someone gets stupid on the sell trigger.Hope to see stronger MD tomorrow and going into the 10th.
The $0.60 paper holders will almost certainly dump. All they want is to sell enough paper to grab the warrants and have a free ride. In this market, you won't find many investors passing up the opportunity to sell at 50% gain for a 4 month hold and not grab freebies via warrants. If I participated in the PP and had the opportunity to sell my shares and hold the warrants, I'd dump em all in a heartbeat at these prices.