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ALMOST DONE!
So by my count there are only about 1.82 m warrants left to get rid of. With the average volume it will take no time at all to accomplish. We should start to increase in share price by January if not sooner. All is good with the world
VICTORIA, B.C., Dec. 21, 2017 (GLOBE NEWSWIRE) -- Emerald Health Therapeutics Inc. (“Emerald” or the “Company”) (TSX-V:EMH) (OTCQX:EMHTF) has elected to exercise its right to accelerate the exercise of $2.00 common share purchase warrants ("Warrants") issued by the Company on February 10, 2017. Pursuant to the terms of the Warrants, the Company may accelerate the expiry date of the Warrants when the closing sale price of Emerald’s common shares on the TSX Venture Exchange is greater than $2.50 per share for a period of 20 consecutive trading days and by giving notice to the holders thereof.
As of the market close on December 19, 2017, Emerald’s common shares had traded above $2.50 for 20 consecutive trading days. Notice of the accelerated Warrant expiry was provided to Warrant holders effective December 20, 2017. The Warrants will now expire at 1:00 p.m. (Pacific time) on Friday, January 19, 2018. Any Warrants remaining unexercised after this date will be cancelled.
As of close of market December 20, 2017, a total of 4,549,325 of the 5,271,025 issued Warrants have been exercised, providing Emerald proceeds of $9,098,650. If the remaining 721,700 Warrants are exercised, the Company will receive an additional $1,443,400.
In addition, Emerald has received proceeds of $17,380,220 from the exercise of 6,684,700 of the 7,792,276 $2.60 warrants issued on April 20, 2017. If its shares continue to trade on the TSX Venture Exchange above $3.50 until January 4, 2018, Emerald will notify remaining holders of $2.60 warrants that they have 30 days to exercise these warrants. The Company would receive an additional $2,879,698 if the remaining $2.60 warrants are exercised.
"The exercise of the vast majority of the two sets of warrants recently issued by Emerald long before their expiry dates – and well ahead of their acceleration trigger events – is great news for the Company’s shareholders as Emerald has received $26.5 million from these warrant exercises,” said Avtar Dhillon, MD, Executive Chairman of Emerald. “These funds will support our advancing production scaling and production innovation plans. Construction of our wholly owned Metro Vancouver greenhouse and conversion of our partnered greenhouse in Delta, BC are progressing well. Full implementation of these facilities will place Emerald in the top tier of production capacity among Canadian Licensed Producers as we prepare for full legalization of adult use cannabis in 2018.”
About Emerald Health Therapeutics Inc.
Emerald Health Therapeutics, Inc. (TSX-V:EMH) (OTCQX:EMHTF) operates
Read more at http://www.stockhouse.com/news/press-releases/2017/12/21/emerald-health-therapeutics-receives-26-5-million-from-exercise-of-warrants-and#1HSidLAi7ra9Y7Fk.99
Emerald Health Therapeutics Receives $26.5 Million from Exercise of Warrants and Triggers Acceleration of 721,700 Remaining $2.00 Warrants
Read more at http://www.stockhouse.com/news/press-releases/2017/12/21/emerald-health-therapeutics-receives-26-5-million-from-exercise-of-warrants-and#1HSidLAi7ra9Y7Fk.99
WOW! 24% I like it, sure wish I knew for certain why now since it dropped 21% just a few days ago.
Nice! closed up a dime on better than average volume, near the 52 week high, all on a shortened black Friday trading day when we could reasonably expect to stay static or even trade lower. I like it!
so what the heck happened? 21% drop and no news or comments.
How low will it go, tax loss season is starting with a lot of people in at a much higher cost. anyone got a handle on what kind of a price drop we can expect?
it sounds like you believe that the 3rd quarter report will be good. I kind of suspect that it will be very poor. at least not a catalyst for pps appreciation. If they ever get phase 2 completed and inspected and into production then 4th quarter might start to look good but more likely it won't look good until the 1st or 2nd quarter of 2018. provided things go better than they have to date!
not sure what you mean by that,could you expand on that a little please?
I certainly don't have any expertise at valuing companies but I can't imagine any offer lower than 20.00 a share and I suspect the value could be a lot more to certain companies whose product would be improved so much by our tech.
I think a buy out is getting closer and closer.
Also have great hopes for the quarterly report. If it as good as it seems like it should be the pps should start making good appreciation.
LOL, OK.
by using the term trade-able float it implies that part of the float is not trade-able. that is why I did not understand.
are you saying some of the float is not trade-able?
For what it is worth YaHoo shows almost 450m as the float. 563m as the outstanding shares.
shortorlong, could you post those questions so we can check them off as they are answered?
can't wait for Monday! will pntv weather this particular storm and stay around .06 or continue it's drift downward. I don't think this is a deliberate scam but is at the very least poorly managed. The next six months to a year will be very interesting to watch!
as of November 7 2005 ?
Donald, saying that doesn't make it so. go to post 33229 and follow those instructions. most of us seem to be able to pull it up.
I don't believe we do know the details, they might very well favor PNTV. the problem for me is that we were not told about it. which is not a good thing for a public reporting company. when you talk to mark please ask why it wasn't reported. maybe there is a good reason.
Donald, it is only logical, given greenleaf performance, the price action of the last few days and the now revealed lawsuit. Monday might be a very bad day for PNTV and I am pretty sure the next quarterly will probably stink. This company still might make it big once all the problems are taken care of but the next few months I think will be very down.
sorry about the double post.
that's funny, his link worked for me as did the case number. If it doesn't work do a google search for nevada clark county court cases and insert the court case number when you get to the right place.
looks like at the present time it is going to court June 18th 2018. bradley, greenleaf and PNTV are all defendants. It most certainly should have been reported. I think I see more lawsuits coming!
Miro, thanks for the info but I decided to bail. thought I might stay until the quarter in hope of recouping some of the losses but it is really starting to look bad. If things look better next month maybe I can buy back in.
never mind, thanks
will some one post the date of the next quarterly please. thanks
htcblue, read your reply to Ping and noted your remark at the end. Just an FYI the company he works for says they don't allow their employees to own the stocks they write about.
I am down by a little over 50% also but I keep telling myself you don't loose a dime unless you sell. Many of the regulars here keep on saying and saying that the share price will really take off when we get the news that phase 2 is complete. Personally I do not believe phase 2 will move this much. I think it would be lucky to get to a dime. we will need good quarterly numbers for any really good appreciation to happen. on the bright side I don't think this is a pump and dump despite a lot of pumping. so I hang in there and keep hoping for great numbers in the next couple of quarters.
This has a very strange chart today. can any one tell me what this could mean? thanks.
dah, nice summation I would agree.
I'm not trying to start an argument but the guy did not say he got that info from ctso, he could have talked to companies that are interested or anyone. He only said his research indicated there was interest.
the statement that they are fielding interest from player doesn't mean the company is looking for a buyout but that other companies are asking about it.
I find this part extremely misleading:
"In fact, according to my research, the company is already fielding interest from dozens of players… "
The company has never let out this type of information that they are looking for buyers for their company or want to be bought out.
As long as remembered from 2010-11, Dr Chan has stated they wanted to chart their own destiny.
I thought it was kinda strange also but I'm not sure what it is telling me.
I was listening to a sales pitch called "chartbreaker profits" from Agora financials. I noticed that ctso started to move at about the same time.
I'm thinking it might be a investment letter recommendation. if this is so then it should be a good thing as those buyers would not be wanting to sell for just a small profit.
It cracked .08 cents yesterday.
Hawkeiz, I'm not sure what problem you have with my post as I thought what I wrote was supportive of the company.
up here in Washington all of the product I've seen is packaged, sealed and labeled by the people cultivating it. There may well be some bulk deliveries to the retailers but not much.