TSXV:MRS.H - Post by User
Comment by
LucasKnighton Dec 29, 2017 3:35am
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Post# 27243362
RE:One thing that gives me confidence: Dec 18th Warrants
RE:One thing that gives me confidence: Dec 18th WarrantsGreat post. Thanx.
eljoro wrote: The number of .15 warrants exercised by Dec 18th expiry. If these insiders thought the PO deal was in trouble they, like us would know the share price would likely crater back below .20, and those Dec 18th .15 warrants would become less pressing to exercise. Many of these guys still hold additional warrants that expire in 2019...if the PO was in trouble they could simply wait and execise the 2019 warrants somewhere down the line when the share price recovers.
But the following insiders and their corresponding warrants were exercised by Dec 18th, and only 30,000 were sold:
Rodney Reum (no longer with company): 832,000
Vitor Fonseca: 190,000 (sold 30,000 @.35)
Paul Litchfield: 1,434,000
Peter Fuller: 735.833
Why would these guys exercise and hold all these .15 warrants if they worried about the share price collapsing due to a cancelled order? Logic dictates that they think or know the PO order is happening, though when exactly this line of sleuthing can't say. It also could be that they are under blackout and can't sell because of knowledge about the status of the PO.
Them's my thoughts.
El Joro