RE: RJHi Guys!
There is a block of warrants @60 cents that are due to expire in February and some broker warrants @40 that do not expire soon but no doubt they will be cashed in along the way. So I think the way to accumulate here is to sit on a stink bid for longer than just the next few days. Sooner or later someone is going to hammer the market with a big sell order that will trigger stop losses again, and the stink bids will get filled. What happens between now and February is of little consequence. I think EXM will be well above a buck in 2007 and perhaps even $2. So just waiting patiently for a cheap fill if we wade through some trading weakness over the next month or two is a smart way to build a position while you have the chance.
I do not know the accurate number of warrants that have already been cashed in. I would guess a large number were dumped earlier this month. I also suspect that broker warrants would have been monetized too since many institutions reward their employees with profit share and bonuses priced at year end, so they may not necessarily hold for the long term if they could act now to pad a bonus cheque.
Anyway, as always, I think buy and hold is the way to play this one, and the buying should be done as cheaply as possible. JMHO...
cheers!
COACH247