RE: RE: Broke My E-Mail Tonight - YNGI did a search on the the term "inducement warrant" (with the double quotes to avoid getting hits for separate words) on Google and got about 1170 hits....the VAST majority of them were mentioning YNG so I refine the search so it would only show the pages also containing Yukon-Nevada and I got 945 hits. In clear, 80% of the pages indexed by Google since its inception that contains the term "inducement warrant" refer to the current YNG deal.
That shows that such "inducement warrants" are extremely rare...the YNG management probably had to look very deep in the Self Dealing bag of tricks to find this concept. When you think about it...some interested shareholders hold warrants with a strike price of .125 that expires a month from now....the stock currently trades at more than 200% of that strike price but it is not enough....they want to do us a favor by exercising the warrant at .125, pocket the 100% upside and get another warrant at .125 exercisable anytime before February 2012...I am surprised that the holders of the December 08 did not also get their inducement warrants at the strike price of the initial ones (.085 on average). And they get all this for providing cash-flow equivalent to 7 weeks of gold production from the Nevada mine? This is unethical GREED on such a scale...I heard the expression double-dip before but I think that exponential-dip would better describe this situation.
I think that the expression "I got YNGed" should become part the small investor's slang to describe blatant greedy abuse by management on its shareholders....
Cheers anyway!