TSXV:AUN.H - Post by User
Post by
straightupon Feb 15, 2007 7:12pm
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Post# 12246575
db7db7
db7db7You said....I don't want to speculate as to what their intentions for the money are, but I have to agree that going by the previously smart aquisitions from management, something huge is in the works. And it will probably reward investors in spades. Hey, they are pretty much guaranteing at least $3/share in 18mo.
But the news release states....provided that if the closing price of the company's shares as traded on the exchange, subsequent to four months from closing, is at or over $3 per share for 20 consecutive trading days, the company will have the right to accelerate the expiry of the warrants upon giving 30 days notice to the holders thereof.
So they are really saying they think they can get the share price over $3.00 in about four and a half months.I think I have that right.The wording is a little funny, it should say subsequent to four months from the closing of the pp.Not just the closing.