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Re: ADVFN_jk1550 post# 25000

Saturday, 05/03/2014 2:42:22 AM

Saturday, May 03, 2014 2:42:22 AM

Post# of 30377
So how do they get this number??

Fair value adjustments (35.844 million) For March 31, 2014 on Warrants



If there were say 5.5 million warrants outstanding on March 31, 2014!!

You then get less than $7.00 a share But avg PPS was about $7.25 a share!

So if you sell 1.5 million for $7.25 a share avg you get say $10 million difference from the ($35 million)

Therefore you now report a positive for next Q2 I was told!!

Because the adjustment is now a credit as when you sell them all you get net zero!!


From What I understand it is the DIFFERENCE of PPS on March 31 (16.00) from the warrant price that is why

Even if you sell 1.5 million and the PPS rises to now $18.00 a share

The left over 4 million shares are up $8 million and then sells are down $10 million which then gives you a credit of $2 million instead for Fair share value!!


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