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Alias Born | 05/19/2008 |
Friday, May 07, 2010 5:31:18 PM
This is GOOD because he would have to purchase 16 million at .19 and .14 BY September 2010. Mr. Quirk contends that the expiration date for shareholders holding more than 10% of HDC's common stock is extended automatically by two years to 2012. But he is wrong considering it was in black and white for September 2010 when he made the deal in 2007 to do this.
He wants to exercise it WHEN EVER HE WANTS LOL meaning Exercising: A warrant is exercised when the holder informs the issuer their intention to purchase the shares underlying the warrant.
Expiration Date:If you plan on exercising the warrant you must do so before the expiration date.
We will easily win and we will have to exercise his warrant and purchase his shares before September 2010 making it icing on the cake.
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