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Soapy Bubbles

02/28/11 8:18 PM

#31 RE: 56Chevy #30

The logical path is to call the company and participate in a fresh round of warrant funding. In that way you get to avoid expiration, negotiate a strike, and structure the placement. (Assuming they are open to warrants issuance.)

Enterprising Investor

02/28/11 11:15 PM

#32 RE: 56Chevy #30

ROICW.

If ROIC could double from $11 today to $22 by 10/13/14, ROICW purchased at $1 today would have intrinsic value of $10 at expiration ($22-$12). Thus, a $1 investment in theory would be worth $10.

Is a target of $22 farfetched? Not really. Tanz previously produced a 26 percent total return for running Pan Pacific between 1999 to 2006.