RE: Correct ANBCA... B warrants 15 cents... As a warrant holder, I do not plan on selling my warrants until the share price is much greater than 0.39 cents. For my own investing plans I am considering rethinking the warrants when the share price is at 0.60. If the share price is at 0.60 then the warrants should be roughly at 0.25. I had bought in at 0.025 and 0.045 because I had lost my shirt on the PTA shares (i bought on Eric Nuttall's recommendations at 0.60) and thought this might be a good way to recoup my losses because I think the company still has lots of potential as a long term hold.
The good news is that warrant holders have until May 2014 to decide whether to excercise the warrants or sell them. They are in the money because of the strike price being over 0.35 and this is when things get interesting. I think it would be crazy to sell them now, especially with LM 7, Balay 4 and LC-1 to be announced sometime soon. I am leaning towards selling them because you have to have the cash to purchase the shares at 0.35. At 177,100 warrants, I would need to come up with $62,000 in cash to buy 177,100 shares at 0.35 a share.
I am not that rich lol!
I am hoping good things for all investors. Even Mr. Diamond