burp - the common has to trade 20/30 days above $10 for the warrants to become convertible. 30 day window to convert after that, i believe. also, the warrants dont expire until may 2012, so it looks likely that the new wowjoint will be trading at that PPS before the exp. date, if not much sooner.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.