RE: It was a predictable sell off - $0.22 warrantHere is Calif Dream msg some time ago,think he was right
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Look guys, no matter what you think about mid to long term valuation, the warrant holders have proven they don't give a damn about the company or the damage they do when they unload all shares to convert cheapo $0.22 paper.
You've got another 15MM $0.22 warrants that expire in March - the warrant holders will sell EML right down again in the next few months. Do yourselves a favor - sell some or all of your position now, and rebuy the shares the warrant holders will be willing to dump at cheaper prices - don't let the warrant holders get the profit by damaging the share price - make em give away their shares as close as possible to $0.22 - anything above $0.22 is a gain for them.
After this last tranche of warrants are excercised, then the company has a chance to trade at fair value. Buying right now is simply allowing the warrant holders a wonderful opportunity to unload at significantly higher prices that they are willing to unload.
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so one more bleeding???