Western Wind Energy Corp V.WND

Q4

[lunderk]

Western Wind Posts a Net Loss of 
.02 per share for the Quarter ending Dec 31, 2009. 
Unchanged from the end of Q3.

Between Dec 31 2009 - March 31 2010

  125,000 Options were exercised  (100,000) were set to expire by March 16, 2010 @ 1.43
1,228,850 Warrants were exercised

[Xtrykr0]

That's pretty freaking good imho. I don't see WND posting a profit until Windstar is operational, but, the fact that they have been able to manage their cash flow and minimize their expenses means the management is fairly risk adverse and wants to grow their business progressively.

[dsark]

Well you can't blame the guy if his options were going to expire.  Maybe he couldn't have his money tied up in stock, so he decided to take the cash.  My question the 1,228,850 warrants, turned into how many shares?  10 warrants make 1 share?  Or what?

[Xtrykr0]

Whats the premium or exercise price on the warrants? I imagine they must be fairly expensive, since the some 10m some warrants that have been issued, only 1.2m of them have been turned into shares.

[Simon51]

Probably 1.5 sh each. Don't forget fully diluted WND is 60M sh. There are no 10 to 1 warrants. On their site they mention that the os options and warrants are worth 20M to the company. This is actually a good thing since it gives them a lot of extra cash., as they present it too.

[Simon51]

Not $1.50/sh, but 1.5 sh/warrant probably. I don't know the exercise prices.