Sunday, September 08, 2019 9:25:27 AM
If the warrants can be exercised without a special event, can you tell me how?
I bought 101 HYCTW at the ask on Thursday. That was no problem and I was able to do it through the regular online trading systems.
I then tried to see if I could exercise one warrant so I could get at least one share of common and be allowed to get a copy of the financial reports through the company web site.
Normally, I would expect the process would be to inform my broker that I wanted to exercise a warrant, pay a fee to do this plus the exercise price, and then get the shares(s).
Instead my broker told me the warrants have no terms in their system so they can't exercise them for me.
I looked more and apparently the warrants have special conditions on when they can exercise. The common shares also have restrictions on who they can be sold to.
The company appears to have these restrictions on the common shares and warrants to avoid going over a certain number of shareholders and being required to file public reports again.
The online systems do report some trades in the company common shares, but I am not clear on how this is being done and appears to be some sort of limited market for the common shares but the price and volume do get reported for the online systems.
Again, the common shares show zero shares on the bid, zero shares on the ask with the bid and ask prices as zero.
When I get a chance I will have my broker call the trading desk and see if something can be done that way to buy the common shares.
Louis J. Desy Jr.
Recent HYMC News
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- Hycroft Announces Year End 2023 Operating and Financial Results • PR Newswire (US) • 03/14/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 01:00:17 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 09:05:44 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 01:00:31 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 11/09/2023 10:21:04 PM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/31/2023 08:15:11 PM
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