GREY:ESOFD - Post by User
Comment by
Chattycon Feb 09, 2013 11:17am
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Post# 20962801
RE: NEWS of Warrants!
RE: NEWS of Warrants! One other thing is the early exercise of these warrants takes the overhang out of the market.
The financing that closed on December 5th 2012 of 2.6 million units @ $1.50 has a 1/2 warrant attached exercisable @ $1.80, it raised $4 million even. This was done for family and friends and in tight ownership.
The financing closed on January 28th 2013 @ $2.10 of flow through shares raised $3,150,000.00 and had no warrants attached except for the very few broker warrants. Two institutions were involved in this Salman and Cormark.
Alpha is like a text-book perfect company with it's financings and discoveries and taking what money is required as it climbs the ladder.
Can you see all that BLUE SKY??