Re: banosser, what makes you think that s&l still own 25mil warrants,
posted on
Feb 09, 2007 06:33PM
Tcr...
what makes you think that s&l still own 25mil warrants, show me how you know this, if it is just a guess, say so..
I believe I did...
my guess is the[y] still hold ~ 25 mil warrants..
I derived my warrant 'guess' numbers from the most recent 10Q...
http://yahoo.brand.edgar-online.com/...
p. 21
"As of November 30, 2006, we had warrants outstanding to purchase 29,921,015 common shares.."
the prev Q (10-'06) stated ~50 mil warrants held.. again from the most recent Q..
"..the Company had investors exercise warrants of 22,732,380.."
both these indicate warrants being held at ~29 mil then.. I am under the assumption that at least 4 mil warrants (conservative guess) have been converted since.. tho it is absolutely possible it could be more than that.. but I try to 'guess' conservatively.. but yes it is surely possibe 10+ mil warrants have been converted since, and I certainly hope they have.. as I have stated numerous times here, I accept a lower short term share price to rid ourselves of those warrants...
anything else?