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nsomniyak

04/18/16 9:09 PM

#629 RE: littlbyrdy #628

I think the bigger news is that downward pressure due to expiring in the money warrants is a thing of the past.

Other things equal the stick should rise ex any such pressure.

I am not really too concerned about an after the fact look back. I would rather focus on looking forward.

Mgt was a little over the top in saying the wArrant exercise was a vote of confidence. More like a vote of "sure. I will exercise at .13 and be able to sell at .19 all day every day. ".

Exercising in the money warrants is not a vote of confidence, it is easy money (and, with those expiring, a use it or lose it proposition).
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nsomniyak

04/18/16 9:13 PM

#630 RE: littlbyrdy #628

We'll see how the "proxy fight" works out. So far I have not seen anything but a letter from a major holder suggesting the company he sold. I have not seen anything actively hostile or an actual proxy vote. The only real takeaway right now is that the major holder has publicly called out management. Let's see what happens.