A while backI asked about having seen the Caisse exercise their warrants.
I forgot who said no,why would they exercise them when the SP was at 0.09.
I`m snooping now and if I read correctly they did.
And the reason I still think they did is that they can`t dictate a member-members or changes to the Board without the right percentage of ownership and exercising their warrants gives them that,besides they have $176 billion in their Fund,so whats a million or two,they were going to exercise them anyways or they would have never bought on to us.
Adding the shares they had from the previous PP Oct 2012 and the last one Oct 2013 shares-warrants gives them 18.724.323 shares.
I don`t think anybody else exercised their warrants,so I`m assuming with their warrants exercised we should be close to 100 million shares give or take, giving them at least 18,7% ownership and if they bought through GM or anybody else as we think they could be anywhere (possible) big ball park 20 to 30%, it does not really matter as long as they are over 20%.
And more money in the Bank already for SIO.
Does anybody agrees??.
Caisse de dépôt et placement du Québec |
| Insider's Relationship to Issuer: | 3 - 10% Security Holder of Issuer |
Transaction
Date | Transaction Nature | # or value acquired
or disposed of | Price | Account
Balance |
| Security Type: | Common Shares (Direct Ownership) |
| Nov 13/13 | 11 - Acquisition carried out privately | 500,000 | $0.100 | 12,224,393 |
| Oct 4/13 | 11 - Acquisition carried out privately | 6,000,000 | $0.100 | 11,724,393 |
| Oct 4/13 | 00 - Opening Balance-Initial SEDI Report | | | 5,724,393 |
| Security Type: | Warrants (Direct Ownership) |
| Nov 13/13 | 11 - Acquisition carried out privately | 500,000 | $0.180 | 6,500,000 |
| Oct 4/13 | 11 - Acquisition carried out privately | 6,000,000 | $0.180 | 6,000,000 |
| Oct 4/13 | 00 - Opening Balance-Initial SEDI Report | | | 0 |