Alpha Minerals Inc ESOFD

RE: warrants

[bridgetonowhere]

It works out to six of one, and half a dozen of another.  Some of that paper was probably dated and would have expired worthless (haven't actually looked at it though), if the value of the company hadn't increased.  So you either have a company with some worthless paper for it's holders, or a company that's worth more with some "in the money" paper.   The relative difference in valuation I don't believe is even significant as unexercised paper was a potential claim on the company when it was issued.  The diffence now is that it's form on the balance sheet changes from undiluted to diluted.