AI
Friday, August 01, 2008 6:24:01 PM
One thing I don't know/understand is the PPS used for the cashless exercise by Prospect. A July 3rd cashless exercise of 4960585 warrants
(day's range was between .84 and .87) at an exercise price of .507 and using a high of .87 would give back Prospect just over 2M shares. For 2618129 shares (assuming no other costs other than the $.507 per warrant), the PPS would have had to be around $1.07 per my calculations.
Sage
(day's range was between .84 and .87) at an exercise price of .507 and using a high of .87 would give back Prospect just over 2M shares. For 2618129 shares (assuming no other costs other than the $.507 per warrant), the PPS would have had to be around $1.07 per my calculations.
Sage
Sage
