AMG Acquisition Corp V.AMG

Primary Symbol: V.AMG.P

AMG Acquisition Corp. is a Canada-based capital pool company (CPC). The Company's principal business is the identification, evaluation and acquisition of assets or businesses with a view to complete a qualifying transaction. The Company has not commenced commercial operations. The Company neither engaged in any operations nor generated any revenues.

TSXV:AMG.P - Post by User

AMG Acquisition Corp

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Comment by TO1on Feb 28, 2011 8:48pm

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Post# 18208970

RE: RE: Money

They have over 14 million warrants outstanding...with an average price of around exercise of .3 - that's more like $4 million in additional funds.. that could carry them for a while...

Of the 14mm warrants, 11.8mm expire in 2012 (@ 20 - 35 cents). And there are no acceleration clauses attached to the 2012 warrants so forget about getting any $ from those warrants. Why would you exercise them this year when it’s free to hold onto them, you don't have to worry if the SP falls b/c there is no principle $ attached to them and you participate in all the upside? The longer you have them the more leverage you have at a bigger payday down the road.

Now the 2011 warrants (@ 27.5 - 40 cents) expire between late June and Sep 2011. Holders of those warrants don't have a choice. They either exercise them or lose them. So as long as the SP stays above 40 cents AMG will get the $ from those warrants.

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This junior mining stock offers billions in market exposure