How To Find Big Stocks

[Orion Nebula]

At this rate the SPIHF warrants from the recent financing may be eliminated soon:

"The Warrants are subject to an acceleration clause whereby should the Common Shares trade at $6.00 or more for more than 10 consecutive trading days on the TSX Venture Exchange (the "TSXV") or other principal exchange, the Company has the right to issue notice to the warrant holders to accelerate the expiry date of the Warrants to a period ending not less than 20 trading days from the date of notice."

If they are eliminated say a month from now that will be the shortest time that I will have ever seen a warrant overhang for a company.

But I am not sure if that can happen that quick because of this:

"The securities issued in connection with the Offering are subject to a four-month hold period from the issuance date in accordance with the policies of the TSXV and applicable securities laws."

So my question is whether the four month hold prevents the start of the 10 consecutive days with a price over $6. My bet is it does not but does prevent the securities from being sold. Anyone have any insight on this?