SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Eaglecrest Explorations
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Richard Humphrey who wrote (18)10/6/1996 7:39:00 PM
From: Dave Robinson   of 639
 
Richard, my understanding of how PPs work is that shares cannot be sold until 1 year has expired from the closing. The warrants are non-transferable that is can not be sold to a 3rd party ie must be exercised by the original holder only. They can be converted to common shares anytime in the 1st year but the converted common shares are restricted from trading (being sold) for the same period ie 1 yr from original closing date. Its good to be aware of when these shares become eligible for trading because of the selling pressure on the stock price due to dumping shares that were acquired at much lower prices than the market current price at expiry date.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News