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stocktrader2222

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stocktrader2222

Re: Drexion2004 post# 9

Wednesday, 03/24/2010 11:38:47 AM

Wednesday, March 24, 2010 11:38:47 AM

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Thanks for your response, seems very reasonable to me. I suggest you may want to look at AERLF.OB as they have met the 20 out of 30 day requirement to call in the warrants...the strike is only $5 they expire in late 2013, the warrants priced at $1.70 with common at $10....clearly common wont stay at $10...but your risk level with the warrants is a 3 yr time period for common to be at least above $6.70

In reality the gap is way too big here, these warrants should be $3+
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