RE: Oct 06 PP was @ $0.10 w/ $0.20 WarrantsWhat we are now witnessing some fund or institution that was involved with the last PP and is now selling their shares as a "HEDGE". They usually always do this. ..regardless of how they feel about the propects of a paricular stock. Ther is no emotion involved. just a Business decison to Hedge bets - Nothing in particular against the company
That is what the "IN insitutions do" They reduce their risk by Holding the warrant.The ouside instututions buy on the Outside ie pick up the batton where the last institution left off ready to carry it the distance.
If SAU Gains momentum and Runs no big Deal to them. They just exercise their warrants at $0.20 (Which goes directlty to SAU Balance sheet) . It is an insurance policy for them.
I would do the same thing if I was them . You have great exposure to a great stock with No risk. If we could all have warrants life would be good...but then again not all of us Subscribe to PP's.