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Re: sweet crude post# 3844

Wednesday, 11/17/2010 1:08:23 PM

Wednesday, November 17, 2010 1:08:23 PM

Post# of 6280
It will be interesting to see what Clarus I does the rest of this week. Now with AVNR total shares outstanding going from 99,413,649 to about 120,000,000, Clarus can hold their 5,445,061 warrants exercisable @ $1.43 and add another 12,000,000 shares @ $4.40, doubling their investment. To excercise their warrants they have to stay under 19.99% ownership.

Ralph

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