Petro One Energy Corp CUDBF

The conversion and selling begins?

[GreatSwami]

EVENTS AFTER THE REPORTING DATE (Continued) (e) In August 2014, the Company announced an additional private placement to issue 8,000,000 units at the price of $0.25 per unit for total proceeds of $2,000,000. Each unit will comprise one common share and one warrant, and each warrant will be exercisable at $0.375 for two years after closing, subject to accelerated exercise if the Company’s shares trade over $2.00 for a period of 10 consecutive trading days after four months from the closing date. The Company agreed to pay a finders’ fee equal to 8% of the gross subscription proceeds plus finders’ warrants entitling the finders to purchase that number of common shares equal to 8% of the number of units issued, exercisable at $0.25 for two years after closing. The financing is subject to TSX-V approval. (f) In August 2014, 193,500 warrants were exercised at an exercise price of $0.25 resulting in the issuance of 193,500 common shares of the Company. Tip of the iceberg? 193500 exercised in August with only a few days available to do so - now that's the reason this is kept inflated to allow the rest to get washed out? GS

[EddieMoney]

now that's the reason this is kept inflated to allow the rest to get washed out? What you mean by this?

[investderp]

GreatSwami Are you implying that the additional warrants are being exercised?  How would that be possible, if the additional PP has not closed?