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Drexion2004

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Drexion2004

Re: None

Thursday, 12/09/2010 8:49:49 AM

Thursday, December 09, 2010 8:49:49 AM

Post# of 94785
CCME: It seems that Starr decided to EXERCISE all 1.5M warrants and give the company an extra 10M cash (laugh, more cash?). I was expecting them to do a cashless exercise but I guess they wanted as many shares of CCME as possible and decided to pay the money.

Somewhat divided on this...On one hand it is good that STARR wanted more shares and did not do a cashless conversion... On the other hand, if they had done it cashless, the total share count would have gone down nicely.

Ah well, no complaints here.

-Fernando
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