Post by
JonEcash on Apr 12, 2007 1:38pm
Paper.
Looks like some overhang came out today. Anyone have any idea where from or why? I figured it's the 4M warrants at $0.60 expiring in 2 days, although another here msg'd me that those would not come into play.
J$
Comment by
r2j316 on Apr 12, 2007 5:14pm
The warrants that are expiring in April are held by management and insiders.
These warrants don't really expire in April. What happens is that if they are not exercised at 60 cents by april 07 the they will get repriced at 75 cents with a new expiry date of 2011
That is why other's have advised that these warrants aren't really a factor
Hope that helps
Comment by
JonEcash on Apr 12, 2007 5:33pm
Okay, thanks. That makes sense now.
J$