Yellow Pages Ltd T.Y

Daniel

[vr6loco]

Big thank you to Daniel for calling out management on the warrants at the conference call. Some of us really feel like we were cheated for sure. 

Would love know if this goes anywhere. 

[blindpig]

Why would this Daniel character phone in with such a bizzare set of questions on an investor call? Warrants in the money are converted into stock before expiration and warrants out of the money expire worthless.  Y warrants were far out of the money so expired worthless.  What is hard to understand here?   There is no requirement for management to somehow manipulate their share

[vr6loco]

Well one can certainly argue those warrants were issued on the anticipation that someday they may be in the money and they certainly could have been.  If you listened to cc, he mentioned how 100 million was returned to Unit holders, ignoring warrant holders completely. Now if that 100 million was given as a dividend instead, what do you think would have been the SP? It is the company'

[blindpig]

If the $100 million was given out as a dividend the shares would be worth less today since there would still be 26 million shares out not 18 million. The company has absolutely no obligation to warrant holders. Warrant holders are not shareholders, and have no equity in the company until the warrants are exercised. 

[Red_Deer]

BlindPig__The ONLY thing that Management COULD have done was to REPRICE the Warrants as I Have Seen DONE a FEW Times over the Decades__VERY, VERY RARE though !!!!! In any case TOO LATE NOW

[HermannHaller]

Companies only reprice warrants if they are desperate for the cash. With Yellow, its the opposite situation, they are generating excess cash. Maybe we should all just move on from this bad warrant experience.  Nice to see the stock hold in on an ugly day today. Obviously, it doesn't trade much, and no one should buy it thinking they can sell it quick if the market is turning. GLTA

[blindpig]

Agreed!  I think the shares will continue to trade in the current range on low volume.  Eventually we'll likely see either another major share buyback or a buyer to take Y private.  They probably didn't bump the dividend so that cash could be built for a share buyback or to just make the company more attractive to potential buyers.

[familyofficegur]

Daniel is a warrant bag holder looking for a bailout. If you look around the table and can't find the sucker, chances are it's you.