Hey Mark!!
Let's not get carried away with discussion about the warrants, ok??
Each warrant, when issued, was priced at twice the price of the common stock at the time. (Remember, the partnership was formed in July, 1996. Look at the stock price at this time) This is not an issue of someone getting something for nothing. And remember that these warrants, while required to be excersised over the next 6 months, will add 1,350,000 to the company's cash reserves. This cash will likely be utilized to build the company's processors ($5-600,000 per copy) for installation at the soon to be acquired waste oil collectors. There they will be generating between $1.5 - 3 million dollars annally for the company, depending on processor capacities.
So if some of you are concerned about this issue, think about the excersizing of the warrants as an investment that will reap huge returns later on this year.
Bill has been very conservative with the issuing of shares, warrants, and options. They have consistently been valued at current market prices at time of issue, and reflect the risk that many individuals took at that time. They also reflect their confidence in GRNO's future.
I see the Blue Light Special light beginning to flash, and it must have been synchronicity that I happened to hear a Peter Lynch interview this afternoon.... :0)
Regards,
Ron
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