RE:RE:PapaSchmuck 29,397,315 warrants with $0.07 ex pr. have acceleration clause. => $2.06 million
The warrant expiry date is subject to earlier termination in the event that the market price of the Company’s common shares trading on the Canadian Securities Exchange remains at $0.15 or higher for a period of five (5) or more days, at the option of the Company.
TradeTracer wrote:
oceaneleven wrote: year low was a penny...high of 18 cents..I feel for all the investors who bought in at the hod today....the share float is massive and they are not profitable..They might get some Kenney funding ..Good Luck !!!
I definitely think that's the elephant in the room, but a reverse split in the medium term would help their cause
(Something like 1 for 6 or 1 for 4 would be ideal, imo)
One positive of the increase in share price tho is that after a certain period of time the warrants can be called, which would add much needed cash to the balance sheet.