GREY:LSTMF - Post by User
Comment by
BluSky23on Nov 28, 2016 12:58pm
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Post# 25522467
RE:Can Someone explain the warrants?
RE:Can Someone explain the warrants?Once the shares are rolled back each share also receives 3.4444 new series 2 warrants to be exercised into common shares at prices between $13-15, expiring in 5 years. My take is that Apollo will sell all their shares at 12.75, take a tidy profit, and then if they manage to sell all and price goes up, SH's will get some lunch money.