RE: RE: RE: Short for Warrant Exercise Cancel Out. 2guys,
>>>So we can't trade our shares on the market, but the warrants are not traded, they are held by private investors. They can choose to hold those warrants, or they can choose to pay Barkerville Gold Mines
.85 for each of those warrants so they can hold shares instead of warrants.
This is not an tsx exchange transaction. It is a private transaction and would have been whether the stock is trading, or not.
ovis, don't know who your broker is, but he should know better.<<<
2guys, I ask my question at TD Waterhouse. Since I don't hold any BGM warrants it was a what if question. I suspect that the TD Waterhouse answer I got would be true for options which is of more interest to most small investors. And I suspect that options, which only trade on exchanges would expire worthless if there was CTO.
This is just a question, but i'm curious on what you have based your response. I definitely don't know the answer so that is why I was asking. So, if your answer is based on actual experience == you've seen this happen, then I'd really appreciate hearing. I guess what is bothering me about your answer is that if BGM exchanged 85 cent warrants for shares between August 14 to August 28th then BGM would be issuing shares when there was CTO. I know the BCSC gets involved when companies raise private money so I don't see how this case is any different. The BCSC issued a CTO and if the company issued shares for warrants then that goes against the CTO.
I guess I should be asking the BCSC for a clarification.
Anyways, thank you for sharing your experiences.