RE:RE:You got to be kidding me I'm not Steve - sorry - but I know that the price of these things is not entirely up to the issuer - the market regulators have a say and current market pricing is included in the decision making.
I think if you did the math - the lack of warrants is far better for us shareholders than a potentially low issue price.
yes - some people lost faith this morning and parted with 23,000 shares (so far) - but an absolutely equal number of shares were picked up - for no more than they had to pay for them. That's how the market works. You choose which half to focus on - if any side at all.
The news today - some arguably well-informed investors decided to invest real money into LME. Without normal warrants. If they bought on the market we'd be up and everyone would be ecstatic. It didn't - so some people move on and other people get some shares on sale.
This really isn't a problem. It is positive - and if you buy into the matlas 'last chance to get in' theory - it's very good news.