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.