China Growth Stocks

[mystiq]

TMI warrants

If warrants become exercisable, you have to pay 5.5 $ for each warrant to convert to common share within 30 days after company forces conversion(SP has to above 11.5$ 20 out of 30 trading days). If warrnts are not exercised in 30 days, they can become worthless. In that situation there is a probability of sell off in TMI common and warrants due to liquidity issues. If all warrants are exercised ,P/E goes to 9 or 10 depending upon SP. EPS for 09 will be $1.1. Fernando is expert in TMI. IMO