Here's the math. But units at 4c. Exercise warrants and sell stock. If you can get .62, you make 58c on the stock and 55c on the warrants. That's a 2,825% return...before expenses, of course. (You've gotta pay the Fraser empire to promote your stock.) Still, quite a nice return in six months. Isn't the OTC market great!
from the 10q:
In November and December of 2006, the Company sold 20,600,000 equity units in a private placement. Each unit consisted of one share of the Company’s common stock and one warrant for the purchase of an additional share of common stock. The per-unit price was $0.04. The exercise price of each warrant is $0.07. The warrants will be exercisable between April 1, 2007, and the one-year anniversary of the closing of the offering. The net proceeds of the unit sale was $823,980. In January 2007, the Company sold an additional 4,700,000 units with net proceeds of $187,940.
...
Warrants Issued
At March 31, 2007, there were warrants to purchase 25,300,000 shares of the Company's common shares outstanding. The exercise price of the warrants is $0.07 per share. The warrants are exercisable and expire March 31, 2008.
"The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life."
--Theodore Roosevelt
