Replies to post #5321 on Tri-Valley Corp (fka TVLYQ)

[timberwolf10014]

The last post was limited in the facts ...

Dilution does not mean BK ... and if they exercise the Warrants, it means more Cash for TIV to continue Operations.

The new Management seems to be doing everything to prevent BK, but if they do file BK ... the Warrants are worthless


Here are the facts from the 8K:

"“Adjustment Date” means July 2, 2010.

(d) “Adjustment Share Amount” equals the greater of (I) zero and (II) the difference of (i) the quotient of (x) the aggregate Purchase Price set forth opposite the name of the Initial Holder in column (8) of the Schedule of Buyers attached to the Securities Purchase Agreement (or such pro rata reduced amount thereof if this Warrant has been transferred in part to any other Person), divided by (y) the Market Price as of the Adjustment Date, less (ii) the aggregate number of Common Shares previously issued to the Initial Holder (or such pro rata reduced amount thereof if this Warrant has been transferred in part to any other Person)."

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P.S. It is unethical, but was expected, the Holders would push the Stock down on July 2nd (TIV had held above $1 until that date). That is why Management needs to insure that they do not incentivize new Investors to undermine old Investors. I hope they learned their lesson.

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