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Message: Re: Acceleration Clause.
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May 06, 2024 04:10PM
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May 06, 2024 04:49PM

Please correct me if I am wrong.

C$4.95 to C$1.80 with the same expiry date:

December 2, 2022

1,126,635 units @ C$4.95 

Glen Riley 10,000 units

March 22, 2024

Proposed ammendment 

563,317 units @ C$1.80

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Is there any advantage for any warrant holder to stall this out? To possibly sell their warrants?

Is there a defined time window for consent of proposed amendments? If there isn't, and say we had an individual with a sizable number of warrants, what stops them from holding the consent out until the price appreciates more? The second they consent... the warrant expiry gets shorted to 30 trading days, limiting the excercise window. 

Consent now and you have a 30 day excercise window. Wait for major SP jump and consent then... up until Dec 2025.

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