Post by
Iceshaver on Feb 09, 2011 12:01am
Questions About The 18% Inducements
After reading the Feb 4 PR by YNG concerning warrants , questions arise. How did a pumper POST ON Jan 15, a comment about the very bad winter weather conditions in Nevada having an effect on YNG , and 2 weeks later a very similar comment was made in para 11 of the Feb 4 YNG PR on the warrants issue???? Is this a Freudian slip on the part of an INSIDER posting on this forum???? Did he have access to this PR or even help write it before it was released??? Or was this just a "GUT" hunch on his part??? Just asking a legitimate simple question. Probably has a " simple" answer. We are waiting. The holders of the warrants in question, all 235,823,053 of them, are being offered an 18% discount if they will exercise them now. These are warrants for
.08 to
.40, well below the current share price, so why must YNG offer them this discount when these warrant holders could make anywhere from
.28 to
. 60 a share if they exercise those warrants at their current price??? And just who are the people who own these warrants???? I do no recall any of us common shareholders being offered an opporunity to purchase any of this "BONANZA". Any answers??? Oh yes, when all the outstanding warrants and options are exercised, our shares will be very severely diluted , as there will be over 1,000,000,000 ,yes, over ONE BILLION , outstanding YNG shares. To all you "LONGS", remember the Inducement Warrants vote??? That old deja vu. JMHO and some legitimate questions. ICE
Comment by
wideboy99 on Feb 09, 2011 3:49am
Stockholders wake up.the vote was already made the stock warrant price set in the old vote.they would have to do the old vote again this si illegal. .o8 down to .06 whn the stock is at .70 and almost a dollar weeks ago.contact the regulaytory bodies.this iswrong.