InvestorsHub Logo
icon url

kermit42

06/06/07 10:42 AM

#36672 RE: Nest Egg #36671

He received 2,000 shares of SOMA Petroleum (symbol SOMPF), plus a right to buy 2,000 shares at $2.00 earlier this year (that right has expired) and the right to buy another 2,000 shares this month (that right will expire soon).

At the moment, there is no incentive to exercise these rights to buy. Unless something dramatic happens in the next couple weeks, you should let them expire unused.

So you have 2,000 shares that should be showing a value of $0.16/share in your portfolio. You should also have 1 warrant for 2,000 shares showing no value.