Warrant Conversion ??Any guesses on when the holders of the warrants will convert their "gifts" given to them by management?? Also I find it perplexing that people are still out there buying the warrants, when you could just buy shares on the market for cheaper (8 cts / warrant is a pretty big premium if you are worried the share price could tank).
Trevali must have been in quite a desperate situation to have had to provide such a rich deal to attract investers.
A 30% premium to their $0.23 warrent exercise option would put the price at $0.30. If I had to guess I would think they would exercise at around 0.30 - 0.32 SP, expecting that the additional sharecount woul drive the price down somewhat.