Australis date for free sharesGo to the companys website see todays news. If you hold until the end of friday this week you can hedge these free shares againt a price drop of acb. The australis shares were valued at .25. You get 1 free share and option with the option of the warrants conversion for a year at $1.00. This sounds good and if Australis is doing a PP to get on the exchange I think this is good.
The share price in its cycle, looks to have turned into a uptrend but it could still drop down to $5.50 but even with the Australis deal it looks profitable to me.
One thing to remember I would not short unless very nimble.