RE: RE: RE: Confusing,BebeRebozo is wrong:
The warrant clock does not start clicking until four months and a day in which the pp was closed. This means Jan 11, 2011 was the first day that the average $.20 price over 20 days started. Please see my clarification and reply to BebeReboza. My reply is verbatim from the warrant certificate. The price needs to be $.20 over 20 consecutive trading days. Which mean it needs to hold $.20 until Feb 14. At that time, warrant holders will have 30 days from the date the notice, which will be sent by registered mail to all warrant holders.
Hope this clears things up. Obviously this thing will hold $.20 as I would expect we would be ramping up the SP again the second or third week of Feb in anticipation of Scadding results. So if it holds $.20 for 20 trading days, and the notice is sent on Feb 14, all warrants will need to be executed 30 days after that letter. Which would mean Mar 14 or thereabouts as the drop dead date to have all warrants executed.
I would think most have executed their warrants as I dont see this dropping below $.20.