GREY:SOGAF - Post by User
Comment by
naive_investoron Jan 03, 2013 7:03pm
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Post# 20794721
RE: RE: RE: Tognetti just buy all the shares under
RE: RE: RE: Tognetti just buy all the shares under Thanks, Tank. Tognetti had a whole bunch of warrants that expired in Nov. last year. The exercise price on those warrants was $2.50/ instrument I believe. Due to the slow progress, he was able to buy shares from open market at one-third of the exercise price. The trading volume is so low that any big bid would send the price to over a dollar. He has the privilege to accumulate shares by a small amount every week over a long period of time without putting any pressure on the price. It's a good accumulation streategy.