Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Neil's been busy...

Re: Neil's been busy...

posted on Mar 23, 2010 05:58PM

"...we have 5 or 600M. shares fully diluted, what's another 800K, really..."

You are right sPider has hundred of millions of shares outstanding. My comment was general, sometimes when a lot of warrants are exerciced at the same time at cheap share price compared to the market price, it results in a sudden albeit temporary and small drop in the SP. I don,t think it mattered in the present case (I don't know if other warrants have been exerciced simultaneously by other stock holders - the're probably out from a recent PP).

GLTA.

BB.

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