Warrants
People were talking about the warrants being exerciced... I wanted to know more... here is some info...
What we have in front of us right now is the 5 million warrants at 0,18$... after May 18 2011 they would be at 0,23 and at 0,28 after May 2012.
We also have 1,660,000 warrants at 0,30$
I didn't had time to find out about the 6,666,797 and 5,664,054 warrants... my bet is that they are now at the price of 0,25$... so a lot lot of paper in front of us... we would need explosive volume to chew all this paper...For sure not everybody will exercice their warrants right away for a 0,05$ profit... but still..
Good luck!
The following table summarises information on outstanding warrants as at September 30, 2010:
Warrants
outstanding Exercise price Expiry date
Granted – private placement 155,000 $3.00 December 24, 2010
Granted – private placement 6,666,797
.20-
.25 November 18, 2011
Granted – debt settlement 5,664,054
.20-
.25 November 18, 2011
Granted – broker 505,000
.20-
.25 November 18, 2011
Granted – private placement 1,660,000
.25-
.30 January 19, 2012
Granted – broker 155,000
.25-
.30 January 19, 2012
Granted – private placement 5,000,000
.18 -
.28 May 18, 2013
Granted – broker 250,000
.18 -
.28 May 18, 2013
Balance September 30, 2010 20,055,851