InvestorsHub Logo
Followers 4
Posts 2219
Boards Moderated 0
Alias Born 10/15/2010

Re: None

Thursday, 04/07/2011 9:41:06 AM

Thursday, April 07, 2011 9:41:06 AM

Post# of 6835
The warrants are the killer. St. George received warrants which will allow them to purchase $600k worth of stock at a price equal to 70% of the average 3 lowest closing prices during the 20 days prior to 3/31. That would be .036, .037, and .037 which would mean a conversion price of 0.257. That means if this thing does run, then they will convert and drop an additional 23+ million shares on the market. This would be good for CSKH, as it would mean additional capital, but bad for current shareholders.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.