Replies to post #1145 on Laredo Oil Inc (LRDC)

[GBRO]

Agree.

This is interesting:

As of November 30, 2020, there were 5,374,501 warrants remaining to be exercised at a price of $0.70 per share to Sunrise Securities Corporation to satisfy the finders’ fee obligation associated with the Alleghany transaction. The warrants will expire June 14, 2021 and are currently exercisable.




Arent warrants issued with the expectation that the PPS will be more at the time of expiration than what they can exercise?

[lager]

That is an interesting detail. Holding tight here.

[DR. EVIL]

Well, the warrants are currently about $.12 out of the money. Doesn’t make any sense to purchase the warrant when you can purchase the stock on the market for $.12 less currently.