TS03 Inc Trust Units TSTIF

RE:RE:Warrants Forced...

[echo2]

Of course, the expression "forced" does not mean one must exercise a warrant just because one can. It just means that if one doesn't exercise by the accelerated date of Feb 4, the warrant expires. Presumably, anyone holding a warrant would want to exercise it, especially those who hold shorts, to either take some easy profits or to hold on to TOS for the longer term. As a complete idiot, I repeat, with all of the positive news recently, the warrants being closely held by major shareholders and institutions, and the inherent value and potential of TOS, I don't think the share price will decline anywhere close to the warrant price ever again. The cash that TSO3 will gain from these is welcome in the present positive environment for the company. The mild dilution from these warrants has been priced into the market and finally getting rid of them is a strong positive, IMH(IDIOT)O. :)) WKH