Peregrine Diamonds Ltd. PGDIF

RE:warrants

[mill44]

TSX wants a certain % over the SP for any PP, the same they want as discount for rights. The effort is not worth it, not to mention the optics. I already talked about this, I dont think they did not make plans for this outcome. Just like bargaining, no? There is a price that you feel happy about. You might be able to get it for less but that might mean losing the bid. If you really want it, you don't risk it. The 21c was what they found to be acceptable, even if the price dropped under that. They had to know that there was a risk of that happening and that some warrants would not be exercised. They might even be thinking about buying those warrants up in the last minute.
It was their plan, they cannot feel too unhappy that it worked.