Thursday, February 02, 2012 4:17:01 PM
I think one reason are the warrants issued in April 2010, in connection with the offering at the time.
Here is the press release:
http://www.orsumetals.com/uploads/pricing_announcement_09.04.2010_v6.pdf
Note that the warrants are good for 1'2 share, at a price of .50/share, and expire two years from the closing of the offering, which was approximately April 15, 2010.
I am betting that the share price of ORSU METALS, OSU on the Toronto and London Exchanges, ORSUF on the u.s. otc market, will be worth at least .50 by mid-April. If the price doesn't exceed .50, the warrants expire worthless. If the stock price does exceed .50, the company stands to gain a cash infusion, as the warrant holders exercise the warrants, at the strike price of .50
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