GREY:PGDIF - Post by User
Comment by
ekimon Mar 30, 2015 6:59pm
86 Views
Post# 23579127
RE:Warrents what happens if I dont excersize
RE:Warrents what happens if I dont excersizeYou only have 1 to 3 more days to give instruction to your institution to actually exercise them.
If that time passes, you can still try and liquidate the warrants and let an institutional investor exercise them.
I believe Institutions will be able to exercise them up until April 6th at 2 pm (Vancouver time)..which is 1 hour after close that day.
Theoretically you can try and sell the warrants themselves on the open market until end of trading on April 6th.
There is no bid right now, so you would have to wait until there is or sit on an ask at half penny or higher and hope it gets filled.
If there is no bid or trades, you can talk to your broker and see if they will take them off your pro bono rather then let them go unexercised.
Other option is to sell equal amount of shares at 21.5 cents (current bid) and then exercise the warrants at 21 cents with the cash. A bit of a caution there as it takes 3 days to settle your sell..so I would talk to your broker to make sure that you can exercise the warrants when cash hasn't quite settled yet.
End result - Talk to your broker.
LONG...PGD
EKIM