GREY:TCEGF - Post by User
Comment by
Fullplateon Jul 18, 2017 6:25pm
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Post# 26483397
RE:Warrant and Option Expiration
RE:Warrant and Option ExpirationTerraco is planning to extend the expiration of July 31 ten-cent warrants by 2 years. The warrants were issued 2 years ago as part of a 7.5 cent private placement. The news release at that time thanked the subscribers for stepping up in the depths of the bear market to provide needed financing.
I understand the sentiment to provide a further reward, but mabe they could have increased the exercise price a couple of cents. The subscribers have gotten over a 30 % return in the two years since purchasing the stock, and there should never be a guarantee to make money on warrants. Two more years on the original strike price is excessive. There are other loyal shareholders who would love to have 10 cent warrants. A lot of those warrants were issued to directors and management, so there is a bit of self-dealing going on giving them a free extension. That is poor treatment of the majority of shareholders.