Post by
Iceshaver on Feb 14, 2011 2:33am
CORRECTION TO PREVIOUS POST
My sincere apologies to all. The figures I posted in my early post are incorrect by a LARGE amount. YNG is offering an almost 20% discount to the warrant holders. If YNG was to receive $59,343,502 , after the 18% discount, then the total amount they would receive from the full warrant exercise price is $72,370,124, a difference of $13,026,622. Please plug in these corrected figures in the appropriate places on my previous post.. 18% of $72,370,124 IS THE $13,026,622 DISCOUNT!!!!. If you subtract $13,026, 622 from $72,370,124, you arrive at the $59 ,343,502 YNG would receive after the 18% discounted warrants are exercised.. Therefore the BONANZA for the warrant holders is astounding!!!! Everything else I posted ,stands "as is". It is significant to point out that we are talking about 235,823,053 warrants, a whopping number of new YNG shares!!! This is an "OLYMPIC CLASS SHAM". That $13,026,622 BONANZA for the warrant holders is obscene and unacceptable. Again , I apologize for my calculation error. I am just a sad mortal. HUMBLY ICE
Comment by
AIMer300 on Feb 14, 2011 11:51am
Remember the inducement warrants of about a year ago?Here they go again.What's with the repeat ripoff?
Comment by
arthur7440 on Feb 14, 2011 12:22pm
What's with the repeat ripoff? AIMer300 And then we will have a 1 for 10 reverse split, just a matter of time, and then they will start over again,