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hebercreeper

05/01/14 1:51 PM

#24918 RE: Waterloo85 #24917

My logic is based on this being a cyclical industry.

I believe they're hedged with their short position.

I hope you're right but I just believe there is too much uncertainty in this sector for warrant holders to want to ride it out.

For it to be an issue this quarter, we'd need a major increase in SP w/o holders exercising. I don't expect that to happen. If we get a major increase, I think they'll exercise (& we're already seeing it based on the updates).

Just my opinion.