Emblem Corp EMMBF

RE:RE:RE:RE:shares outstanding

[TheInsider]

Seraphim1 wrote:

TheInsider wrote:

Stockcoach1 wrote:

Kensin1953 wrote: 4.4 million? Is this up to date?

     
20 some million shares and warrants were converted this afternoon from Saber sub-receipts into active shares and warrants. Those are taking profits, hence the sell off. 

There's a 4 month hold on the majority of the $1.15 units, save for the $2MIL short form portion.

The $.50 and $.75 units have a 6 month hold.

Interesting, but I'm also being told that the Saber sub-receipts are being converted into active shares and warrants. The conversion started on Friday and should be completed by Monday. I'm told that there is no hold on these 1.15 ones, so there seems to be some confusion in this.

All Sabre sub receipts are being converted into shares and warrants. However, the $.50 and $.75 cent rounds have a 6 month hold and don't free trade until June. The $1.15 have a 4 month hold and trade in April. Some warrants are trading now but are not exercisable until next December. The way this deal is structured is pure genius. The market will never get side swiped with paper all at one time. Even so, ACB sucked up 55 MIL $.40 cents shares last week like a champ. The way to play this is to buy and hold value. This isn't a flip. This will see $10 within 24 months mark my words.