TSXV:FCO.H - Post by User
Comment by
ufoolmeon Jan 09, 2018 6:34pm
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Post# 27318072
RE:RE:RE:Is the SP being manipulated so that this won't happen?
RE:RE:RE:Is the SP being manipulated so that this won't happen?There does not have to be 6.5 new shares added after tommorrow. These warrants do not expire tomorrow, they expire on Feb 28, 2019. The company has the "option", but "NOT THE OBLIGATION" to force early conversion at 1.50. I don't think they would do this. Why? The want the share price as high as possible for the financing which will be coming soon. By forcing exercise, they would likely also force some sales to finance the share purchases, thereby pushing down the sp further.