OTCPK:EMMBF - Post by User
Comment by
VENManon Jan 06, 2017 9:23pm
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Post# 25678020
RE:RE:RE:RE:RE:RE:RE:emc warrants at 3.67???
RE:RE:RE:RE:RE:RE:RE:emc warrants at 3.67???
mike49
I agree with your post and that's what I thought as well. "Special" designation without the 4 month hold. So this deal will close Jan 26 and after 3 business days (Jan 27, Jan 30, Jan 31) the shares can trade Feb 1 2016. That is a 20% profit on today's closing price or perhaps even higher if the stock continues it's upward trend and then the warrants for half your position you can hold for 36 months and pay $4.75 to convert into a share. If the stock closes at $7 for more than 10 days then the 36 month conversion time stops and of course you would convert your warrant at $4.75 for shares trading at $7. Best of luck to all and all IMO!