TSXV:FCO.H - Post by User
Comment by
ufoolmeon Jan 10, 2018 1:20pm
56 Views
Post# 27325189
RE:RE:RE:forced conversion of warrants
RE:RE:RE:forced conversion of warrantsThe acceleration clause can be enforced at any time at the discretion of eCobalt such that the holder must exercise within 20/days. This could be done in Feb, in June, or whenever they feel the time is right. They will wait to see exactly how much financing they will need once the updated study is done. It will obviously be more than the 12 to 13 million they will get when exercised. They will get this money eventually in any case unless the sp falls below 1.50. If they force exercise, the holders may have to sell shares to come up with the cash to buy the exercised warrants, thus driving down the sp while they are trying to raise capital, perhaps another 75 million or so. Just my opinion, so we will see.