Mega Brands Inc MBLKF

warrants

[midas4]

gents

could any of you give me some details.   Price (exercise) and dates.

t

thanks

[nerzaa]

https://www.megabrands.com/media/pdf/corpo/en/20100114.pdfWarrants- The Warrants will entitle the holder to purchase one Common Share at an exercise price ofCDN$0.50.- The Warrants will be exercisable at any time, in whole or in part, until five years from the dateof issuance.after the 1:20 split, exercise price is $10, date is 2015.

[FFHwatcher1]

The only other thing that I would add is that it takes 20 warrants to buy 1 common share.  Therefore, $0.18 x 20 = $3.60 is the actual warrant price.  Therefore, $10. + $3.60 (warrant cost to buy one share) = $13.60 , meaning that the price of $13.60 is the current buyers breakeven.  March 2015 is the expiry and all the proceeds are used for debt repayment. Also, I believe MB bought

[FFHwatcher1]

Had to do some re-reading.  Memory is deteriorating. MB is paying down debentures, not buying back warrants. My bad. Original 2010 deal of $141M Debenture @ 10% due June 15, 2015. Paid down $20M in Q2 2011 Paid down $7.1M  in Q1 2012 Scheduled to pay down $7M and $14M in Q2 2013 and Q2 2014. If all goes well, then have almost $92M owing in Q2 2015.   In Q1 2015 warrants expire but

[llennn]

Looks like the warants are doing a double differential, it’s a gearing issue with the SO as the cart is ahead of the horse and they cannot stay ahead due to time decay and being OOM at present.