Sino Agro Food Inc (fka SIAF)

[jcanuck]

treit wrote:

"Viking,

Not sure what you mean by $5 in relation to warrants, but the warrant holders essentially have an option to buy at a price set when the deal is put together, based on the share price at the time; maybe $1.00 give or take.

They will exercise the warrant with the share price anywhere over $1.00, but SIAF will get $1.00."
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these warrants do not have to be priced at what the stock is trading for at the time - they can be priced at a higher price and the time frame the conversion is open for can be extended - it is completely flexible and open to negotiation with the bond underwriter