GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Aug 22, 2014 11:30am
325 Views
Post# 22869110
RE:RE:Amended Warrant Terms
RE:RE:Amended Warrant TermsI bought some high as well . . . and some low. You don't build a large position all at once (unless its lying on the floor after an unjustified downward adjustment at 10% of book) you buy it over time so your cost basis shouldn't be DOUBLE the current price. Averaging down or leaving the position are about the only two other options.
As far as those warrants go, they would have been good long ago if the management team that sold them to you had done their jobs. On the up side the DESIRE to extend those warrants extended (which since they weren't sold to Dundee the permission for extension of which will likely be denied) DOES mean that someone thinks it likely that they might actually be WORTH something in a year.
That's the most bullsh non-announcement type announcement that Woulfe has made since Dundee effectively took over.