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Re: baseball fan post# 7696

Wednesday, 02/09/2011 3:55:53 AM

Wednesday, February 09, 2011 3:55:53 AM

Post# of 12138
By the way, I couldnt find any agreements that allow for a reprice of the existing warrants. In fact, I think about 5M warrants expire in the next couple of months.

Here's how I've seen warrants repriced quite a few times, especially with start ups:

1. I wake up
2. I see a news link to a company I own
3. I click the link and the story says that the BOD and/or majority shareholders have elected to reprice out of the money warrants at a significant discount to the company's current PPS
4. I wonder how the little guy ever has a chance against this uneven a playing field

GLTY
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