Re: EARLY WARNING REPORT (???)
in response to
by
posted on
Sep 14, 2010 10:47PM
"I don't understand what is meant by "partially diluted" in the following quotation, but by falling below 10% they will no longer have to report any sale transactions, or the exercise of warrants. It could be a strategic move, to go back under the radar."
Good eye, Lar. Partially diluted' probably means 'assuming the exercice of the warrants only' (not the options). So (8 504 307 + 7 169 230) /157 791 087 = 0,0993. Add 100 000 shares to the equation and you get 0,0999. The OS is from the last March FS. It may have moved a little bit, so we're on a very thin edge between 0,0999 and 1,001. The EWR says 0,094 however. 100 000 is about 0,0006, so they should have been around 0,095 before dumping... Baffling! We're just like observers with binoculars trying to comment a landing on the Moon!!!
GLTA.
BaBe.