OTCQX:MRVFF - Post by User
Post by
ronzon Mar 10, 2009 9:27am
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Post# 15832676
Warrant incentive program
Warrant incentive programI don't see how they are going to convince anybody who holds the warrants to buy in to this when the price is hovering at 1/2 to 1 cent above the warrant incentive price to be redeemed? Why would you run the risk and take a chance when you can just sit on them longer and see where this goes? I am not trying to undermine the plan, but when it is the company that is most representative of Nuvo, that being CIBC that is continuously the one that holds this back with large blocks for sale just above the warrant incentive redemption price, it makes you wonder?? I would be suprised if they have had much activity on the incentive redemptions because of what CIBC has done!