RE: RE: Specboy2011 Another tell tell sign is the options issued at $1.21. These guys are too smart to wait a minute longer than legally necessary to issue those options. They could not issue them before the 43-101 because they were in a blackout. They issued them on a Friday of a long weekend with only 2 hours and 15 minutes of trading, probably made sure that the BMO guys would be around to sell into the volume to raise money for the warrants. I speculate that BMO will be getting a good slice of the next PP, maybe around $3 as a thank you.
Now, the market had a chance to see the news and the price finished at $1.21 and so the BoD and management and consultants now have options at that price. If they had not traded on Friday, they could not of issued those options on Friday. A whole day of trading on Tuesday with everyone back at their desk would of meant a higher close and more expensive options. These guys know exactly how the game is played and I am just happy I got to load up on Friday.
Enjoying the long weekend but cannot wait for Tuesday. Prediction, open at $1.44 and close around $1.81 on heavy volume.
By the way, I expect bashers to be doing a full court press all weekend on this one, way too much money on the table here!!!
Glorieux