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Voltalia Ord Shs VLTAF

Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes in carbon credit trading activities. The Company operates several subsidiaries, including Anelia and Bio-Bar in France, Voltalia Guyane, SIG Kourou, SIG Mana and SIG Cacao in French Guyana, Voltalia Energia do Brasil in Brazil, Thegero in Greece and Alterrya Maroc in Morocco, among others. The Company is owned by Voltalia Investissement SA.


PINL:VLTAF - Post by User

Comment by zBankerzon Jun 11, 2010 6:10pm
256 Views
Post# 17182199

RE: RE: Capitulation....????

RE: RE: Capitulation....????why exercise the warrants at higher price and sold with a loss??   It just does not make sense...

Looks like how people are interpreting the offering with IMF.   I thought the warrants are optional, exercisable under some conditions and at $1.03...  IMF and Randgold have the choice to decide whether to exercise their warrants, right?   Any lawyer out there to interprete the NR on March 22,2010 correctly?

Because the 15-day VWAP is over $1.55, IMF has to exercise the warrants or they would become void... forcing IMF to hand over money (to exercise the warrants) or IMF will never have that privilege.

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