RE: $2.40Hi WTA!
I doubled my money on GOG and sold the remaining shares today too, lol. It looks like the iceberg order on SST has moved up to $2.40, and I watched the trading all day today to see a new block of 4000 shares go up everytime those on the offer were taken out.
I think of the buying of the common stock may be diverting to buy the warrants instead. Assuming one has plans to convert them, then paying 45 cents for a warrant, plus $1.85 to convert it, is still a sensible play to buy the stock at a discount compared to the current market price, and you also get the time value to sit on captial for another 4 weeks before it becomes necessary to exercise the warrant.
Either way, the company will be stronger with all the money in the treasury, and the overhang of the warrants will not represent an issue much longer. I still look for SST to trade above $3 before month end.
cheers!
COACH247