PINL:NEPTF - Post by User
Post by
gwrbion Dec 02, 2010 11:08am
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Post# 17789341
Update on the warrants
Update on the warrantsGiven management's renewed commitment to communication, and the many detailed releases relating to the warrants, we can probably expect a NR soon to detail the results of the warrants. If the warrants were near 100% subscribed, you will have your answer as to whether Northern Rivers bought their share.
As for Northern Rivers, I would think anyone (as long as they had the cash) who is still long on NTB would have exercised. If they don't believe the story, they would have sold their NTB shares as well.
As for the cynics in the crowd, that elected to have their warrants expire, they would be left with Acasti shares from 2008 in their account - - - and then Voila a value assigned at a minimum
.47 on shares they considered were worthless. I guess that would be found money!