Arrow Exploration Corp V.AXL

Warrants

[Rob0012]

I've never heard MA talking about the WTS and he's certainly never said anything close to half the wts being already exercised.  The numbers are all in the financial statements (last were issued May 30th for the Q1 results, for the period ended March31st).  57M were thereby recorded.  Since then, 2 NRs brought that number a bit lower (some were issued in April and 1.6M in May)  I'm assuming 57 minus 2 equals 55M still outstanding at 9p (currently 20.5 p) and expiring on Oct 24 and a bit (1M) expriring Oct 31st...too lasy to check for that date and real small number).  I hope Price Of Oil (POO) could stop decli ning and hope we continue getting strong results from Carrizales.  That way, we could see our SP going back up but these WTS are really keeping us a little nervous.  Canacol holds 14M of those and we still don't know what their intent is.  I've noticed stocks that were hit hard in that kind of scenario and I've noticed some that didn't suffer too much.  All will depend on CN2, CN3 and RCS2 results (all to be announced before end of October).  That management team has been working so hard and diligently to get us where we stand; I rely on them to protect our shareholder value!
Rob

[EagleHasLanded]

Rob   in the Malcy interview a week ago MA mentioned total of warrants was 70 million. Of course now is about 55 million left. As I understand from Joe probably Canacol will not sell theirs. Imo

[Rob0012]

If Canacol wants to maintain their 20% stake in Arrow as they've been doing all along, including the AIM financing where they got 28M shares of the 140M that were issued then.  I'm rather expecting them to exercise their warrants.  That they wouldn't want to sell the shares thereby acquired would be better said I think.  14M is a good chunk of shares that would't be

[EagleHasLanded]

Rob  yes Canacol is probably not selling when they exercise their warrants cN-2 probably online end of next week