TSX:SGR.UN - Post by User
Post by
mbgldon Apr 15, 2009 9:33pm
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Post# 15921520
For warrants to get exercised
For warrants to get exercisedPosted this on the other board a few days ago.
by current SGR holders(assuming that they need to sell shares toexercise the warrants) we need a SP north of $2.66 for them to at leastbreak even.
$2.66 pay capital gains tax on1/2. So at the highend bracket you pay about 50% on the remaining 1/2or about $0.66 which leaves you with $2.00 to buy your warrant. Notlots of upside to exercising them.
If you have money set aside to exercise them at $2.00 why not just buy them today at $1.60?
Unless we get a miracle come across we can kiss the money from the warrants good-bye.
Correct me if I'm wrong.
Oh, please let me be wrong.