Sun Summit Minerals Corp. V.SMN

The suggestion for this weakness is warrants are being

[Goaweigh]

exercised which I suspect is true but odd. I can't find any warrants that are expiring anytime soon so I don't understand the rush to exercise. I understand taking a profit but when those PP's were done nothing like hole 12 existed, it was all just whishful thinking and now that those wishes have come true they sell at the first possible moment ???
Is the world coming to an end before the next round of drilling and assays come in ? Do they need to take a 50 % profit, if even that much, when maybe 500 % + is just around the corner.
Who buys these deals but doesn't have the cajones to see them through to the end.
How will you ever get a ten bagger if you don't hold long enough to get one ? 
Weird to me but I bought more at .41 and that wouldn't be possible if some people weren't weird.

[mahoon]

The last financing was purchased using Flow Thru Shares so I don't believe they have much interest in SMN.  The way I understand it is they short the stock and cover with their warrants (High financing , something I'm not good at ).  A 50% profit is a very good profit , but like you ,I am here for the 10 bagger and I think the next round of results should give us a pretty good

[Goaweigh]

I guess it's possible they see it only as a tax advantaged instrument vs. a tax advantaged investment in which case selling to lock in that benefit is all they care about. Too bad we went that route maybe, certainly adding the warrants as a kicker may have been too generous but in the absence of hole 12 maybe there just weren't any better options. Usually I hate warrants, they can be used