GEOMAQUE Message Board - Msg: 17955414

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Gold/Mining/Energy : GEOMAQUE

GEO 14.84

-0.9%

Nov 11 4:00 PM EST

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To: Frank Pembleton who wrote (254)	9/5/2002 8:59:51 AM
From: russwinter	Read Replies (2) of 260

<toxic warrant> A convert or warrant structure with no ceiling or limit on the number of shares it can be converted to. Usually set at some average trading price for some proceeding period. A defacto foreclosure if stock is trading at nominal prices and at minimum highly dilutive to existing shareholders. Re: GEO: AVOID! If you look closely at the deal structure with the vultures, a sort of rolling, accelerating dilution has been set up (see my prior posts). I think they've trapped themselves, as the stock doesn't allow them a market to sell into. May be forced to do a private market sale, but I don't trust them to take care of other shareholders.

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