Gold. The interesting thing about this little move is. We were locked in at $1.80 till Sierra Equity rolled on here with their coded pump and dump. Let's see how far they run it up before selling it off back down to $1.70 near that KKR warrant exercise price.
If you exercise stock warrants given to you other for "performance of services" that qualififies under section 83 of the IRS code i.e. employee. Then the amount you have write up as an ordinary gain is between strike and exercise . $1.32-180=.48 pps. It is too KKR's benefit to exercise the warrants as close to strike as possible in 2015. However it plays out. They have to book an ordinary gain because they were "gifted" the shares as part of a financing package that involved other classes of stock and PIK note. It is in 363 and 383.
This why this is an artificial run. It was so well orchestrated to drop it down to $1.70. It was easy to see. Remember KKR or its affiliates can not short this stock. I expect it to move 8-10 more trading days then it will turn. Look for large share sell-offs. It can get back $3. $2.40x..25= that's about .60 price escalation above target of $2.40. Then the late Dec sell-off for profits and tax reasons.
Then the KKR warrant exercise in Early Jan IMHO.
Good Luck Board. Play this Sierra pump right and make some $$$$. Watch that ADX line..
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