RE:RE:Reducing bloated derivatives - have to start somewhereIf the current holders of the derivatives get off their butts an exerise them then yes
anything is possible. You will be putting a lot of needed money in the company coffers to hopefully spend properly. Until then why should I pay $5.40 a share when Sprott;s warrants from his initial investment only weeks ago are in the money at that point (not to mention his shares) and the $20M convertible debentures issued less than a year ago are deep in the money and should be gotten rid of somehow.
How the company deals with these issues is going to be very telling. They would be doing the current shareholders a huge favour at low cost by getting rid of some of this this cheap paper. Do you really think there is little benefit to shareholders by getting rid of some of this excess paper now? Are there results and outlook that good? Will they not show a huge "albeit cash" expense on future financials related to these derivatives which will only get worse if they try to run up the share price. The piper has to paid at some point.
GLTA