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Re: Saltz post# 8087

Friday, 12/09/2016 4:28:35 PM

Friday, December 09, 2016 4:28:35 PM

Post# of 231474
I dont know why there has been so much confusion regarding this. Im half tempted to sticky your post until the misinformation clears up.

To piggy back on your post, I would like to emphasize that these warrants at 0.75 ARE NOT NEW. There aren't a bunch of warrant holders holding 0.75 warrants just waiting on the edge of their seats to exercise them at 0.80 or 0.90 or 1.00. These warrants are old and if you look at the chart you will see the remaining holders have had multiple opportunities to exercise much higher than 1.00, let alone anything lower than that.

Further, how long does it take to exercise these warrants? How long between the day you tell your broker you want to exercise and the day you get your shares? Ive never done this but I dont believe its an immediate transaction. So there is also some risk involved exercising warrants if they are close to their strike price.
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