TSXV:PEC.H - Post by User
Post by
FlipIT2wice-on Aug 15, 2012 8:46am
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Post# 20218927
ZEX Huge Discount...Next PEC
ZEX Huge Discount...Next PEC
100% Discount to Cash in Bank of
.065...Q # Just out $23 Million Cash
8/15/2012 8:44:00 AM | | Post #31383604
Fidelity Exercised $32 Million in Warrants....@ over $1.03 Last Summer. All that Cash went to the Companies Balance sheet. Fidelity was recently seen liquidiating that position...( Tax Loss for Them). Will offset Money they Made elsewhere in the Market of course.
While Fidelity has been selling....soem one was conveniently Buying @ these levels in the Open Market last 2 Months....My Guess is that the Buyers here will Not be experiencing any Tax Loss with Respect to the Picking up of these Shares @ these Levels....a TAXABLE CAPITAL GAIN is what I am Banking on here. ...a Soldi one At that. ZEX Trading 100% Discount to Cash in the Bank.....+ sitting on 20 cents per share Assets Ex cash.
Zodiac Exploration Inc.
TSX VENTURE: ZEX
June 6, 2011
Zodiac Exploration Announces Warrant Exercise
CALGARY, ALBERTA – Zodiac Exploration Inc. (“Zodiac” or the “Company”) (TSX VENTURE: ZEX) announces that it has received a notice of exercise in respect of 31,175,000 of its outstanding warrants. Each warrant is exercisable at an exercise price of approximately $1.034 per warrant and entitles the holder thereof to acquire 1.0 common share of Zodiac for each warrant held. The exercise of the warrants will provide total proceeds of approximately $32,250,000 to the Company. After giving effect to this exercise of warrants, there are now 14,500,000 warrants outstanding of the same class.
Murray Rodgers, President and CEO, commented, “We are very pleased with the exercise of these warrants, and see it as a strong endorsement of our business strategy and support for our on-going operations. We have always believed that we have a very strong group of lead investors in the Company and this support exemplifies their commitment to Zodiac.”