Musya,
Sorry I missed your post. Please don't think I am refusing to comment on it. I am firmly committed to supporting this thread, yet, to be honest, between posting here and Irby's, which I try to keep to less than 20 minutes a day, I miss a few.
Let me start here....1) I am having a tough time understaning the components of these warrants as you laid them out. If some of these answers don't fully explain it, please rephrase your question being a bit more clearer.
The drop in price could have beena number of things:
1. Warrant Owners could have been selling short at these upper levels, knowing they could covert and get stock at $5, I beleive you said was the exercise price.
2. Could be a target for shorts, shortswill cream a company once it gets down in the $5 range,because of thelack ofmargin, etc. and then they don't give up. Very similar to averaging up.
3. MA deals...no $5 stock has alot of deals going, they are just tring to get profitable and grow....I wouldnt want to fathom the company that will sell itself for stock in a $5company.
4/ The stock has problems and people are heading for exit door. What used to be valued at $9 is now 5.
Anyway, I am not familiar with these particular companeis and the answers I gave are somewhat generic. Hope they help.
Regards,
Steve |
