GREY:CLRYF - Post by User
Comment by
railbirdon Sep 25, 2017 11:36am
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Post# 26737864
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Warrant amendment approved
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Warrant amendment approvedDarvesh wrote: I disagree with you both. The warrants will still expire worthless.
This is becasue the shares should not trade materially above $0.13 until after they expire,
UNLESS extraordinary great news surprises.
Funding will come from another source.
Darvesh
You could easily be right; but if Q3 revenues are an extraordinary surprise the warrant exercise option is there for the taking. Exercising may explain the rationale for the put option.
Reguardless there seemed to be an urgency to get this done as the company appears to be expecting a greater ramp-up in revenues between now and year end