TSXV:ART.H - Post by User
Comment by
hoitytoityon Oct 06, 2010 5:33pm
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Post# 17537474
RE: RE: RE: News - Private placement at .60
RE: RE: RE: News - Private placement at .60inelegant wording,,, "Those warrants are to purchase half a share at 80 cents",, should read .. to purchase a share at .80, not half a share,,
regardless the warrants are only valuable if the share price tops over .80 so any investor in this would have to be of the opinion that there is something of value to raise the SP. Therefore the additional 10MM potential income from this sale is not included in my calculation of the value of this offering, as it appears they will only raise 25MM, the warrants will only be exercised if there is a worthwhile find and then no one will care.
feel free to correct me if Iam wrong,, Iam kinda new at this,, happy to learn from people that know.