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bigfred1

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bigfred1

Re: pappy post# 501

Thursday, 04/11/2013 3:20:14 PM

Thursday, April 11, 2013 3:20:14 PM

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Pappy:

I am glad that you are noticing that the Warrants will start expiring in 2013. That is why I got out a couple of years ago in the high 20 cents.

I remember that there were about 6 million warrants (sorry if I am off) that will finish expiring in 2014. I then decided that WKBT will not be pushing the PPS in order to have these warrants expire worthless (since they do not need the money).

Since their results are improving (with what seems to be a P.E. of 1), I might start a position in 6 months or so and go long term thinking that 2014 is the year the PPS will rebound.

Fred
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