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Gold/Mining/Energy : The New Osprey Limited
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To: The Osprey who wrote (191)11/4/2001 9:29:02 PM
From: The Osprey  Read Replies (1) of 338
 
Apparently it took the exchange 6 months to approve the Private Placement and I am told that this is the reason for the extension.Guess we shouldn';t worry as the strike price for the warrants is 1.00 and the stock is trading at .59 or less.It should also be noted that the Private placement that was done at .35 back in Novenber of 1999 has warrants expiring on (if my memory serves me crrect November 21,2001)the second year strike price was .50.If not exercised by Nov 21 then they expire.
So, the extension is and was approved by the exchange on the 1.00 one .Heck if the warrant holders go to exercise at .50 before 11/21 we may see a rally and if they don't we may see a rally shortly afetr.Who knows???I give up trying to figure some things out about this stock.
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