ARHT Media Inc ARHTQ

exercising of warrants

[fruiscante1]

The TSX shows vast currently has 201,150,994 shares outstanding. It will be interesting to see if that changes this week. There were a few million warrants purchased this week at around a penny, which, according to Friday's close were worth it. I wonder if someone got a hint or a hunch they the shares would be worth more than
.50 pretty quick, and bought them to exercise them. It could be they reasoned that buying a few million shares on the open market would be cheaper. It could be that a few large holders of warrants exercised them this week, because they knew something. Anyone know if Niko has warrants that were on the June 5th expiry? Perhaps the company wanted them to be exercised so that they would get a few million in the till to finish paying for the drilling. Also interesting to note that Longford has reduced the amount of money they are raising in their plcaement. The Forbes and Manhattan group has a known history for shuffling money back and forth between their compnaies in loans (they are publicly announced). Perhps they are just figuring out what money they need between their energy companies as a group, and we are seeing the results of that strategy.

Total speculation I realize, but it is one possibly, and we need to always be considering what all of the possibilities are, and which are coming into play, if we want to keep up with the big boys who have a direct line to this sort of knowledge.

Any thoughts on this scenario?

I'm guessing it is a mistake on the TSX site, showing the warrants being good until June 11. Everywhere else shows June 5. Maybe they can apply to extend them for a week without much hassle? Dunno.