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Acadian Mining Corporation ADAIF



GREY:ADAIF - Post by User

Bullboard Posts
Comment by JonEcashon May 17, 2007 1:14pm
530 Views
Post# 12798866

RE: Thanks. -5212

RE: Thanks. -5212Hey bud, It works like this. Let's say I took part in a PP a year ago, and got 50,000 warrants at $0.35. If the warrants expire today, and because my warrants are "in the money" then I definitely want to exercise them. To do that I have to come up with $17,500 to pay to the company for my warrants to become shares. (1) If I already have the cash sitting around, then I just use that to exercise the warrants and sell them as soon as possible. I then lock in the profit between the exercise price and the current market price. (2) Or if I don't have the cash available, then I can come up with that money by selling any ADA shares I already have. I then profit on the difference between my sold shares and newly acquired ones, and I can also sell my new shares for profit as in (1) above. So as you can see, lots of selling..... J$
Bullboard Posts