Rocko - why would a company agree upon a takeover at $40 when they can buy them outright for most likely $3 ?
Also, we're both projecting ideas/theories about the warrant holders getting squeezed out but with the majority of warrant holders being Canadian, there is a part of me that wonders why would they choose to F their fellow countrymen ?
Constant mystery / constant speculation with this company...just hard to see what the "genius move" is here behind their course (or lack thereof) of action.
* I will say this - IF the plan is to sell out in that July - Sept 2016 timeframe, I would rather they play their games with the warrant holders rather than do a r/s. An r/s would be a gift to the shorts
1st series warrants 3.7 still outstanding
A series warrants 5.1
102.55 o/s common shares right now w/ 144 potential in total. "Allowing" these 2 series of warrants to expire worthless brings it down to 135ish while creating possible demand for common shares come Dec. 2015 and June 2016. Cash on hand is more than adequate plus they'd get almost all C series holders to exercise. HMMMMM, months and months of more theories, ideas, and speculation with this puppy.