RE: RE: AGM/Voting record date Gears you claim that the .35 warrants were not necessary? Really? Then why did it take so long for the pp to close? How many tranches did it take final get filled? The company was near bankruptcy. Does any of this ring a bell with you? IBK employees were the first to commit. And I think they (and probably others) sold many of those shares at much higher prices to participate in the .50 private placement. 12 million shares traded on the Venture at an average price of .62 near the beginning of December into January when the share price was dropped below .50 for the Jan financing.
Gears what you said was OPL is one of the last stocks I would choose to short term trade since the 23 PP financing with the full free warrant overhang was foolishly enabled
I think the full warrants probably were necessary but whatever. My argument is with your statement that this is not a good trade right now in part because of the warrant overhang when clearly the warrants are not being exercised (The share count has not changed for months). Those warrants do not expire for more than two years so why would you even use this as part of your argument?