Remember the warrants?Last year many reluctant warrant holders were obliged to prematurely exercise their HBM warrants. Had it not been for this initiative, the warrants would have been traded till the last days of 2009 and the shares would not have been issued for another two years from the present date.
Exercising the warrants put a lot of shares out into the market. If I remember right the company got about $3.15 for each share issued.
Are they now buying these shares back at higher prices?