TSXV:CNJ.P - Post by User
Comment by
SurfForWealthon Oct 08, 2003 1:55pm
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Post# 6502503
RE: cnj prospects
RE: cnj prospectsAs many are aware the followed paragraph appeared in last weeks earnings report;
"The Apotex Group has notified Cangene that it intends to exercise 2,650,000 warrants to purchase common shares of the Company at an exercise price of $2.32 by the end of the current quarter. These warrants were originally issued in 1996 with respect to rights to the drug deferiprone. Cangene receives 50% of any net profits from the sale of the drug worldwide."
I wonder if Barry Sherman could be so kind as to sell those shares once he receives them. This would increase the float by about 25% which would be positive for the stock. Let's hope...Cheers!!!