ASHTON MINING OF CANADA (ACA) Message Board

STOCKTALK

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 : ASHTON MINING OF CANADA (ACA)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jimsy who wrote (1988)	9/5/1997 5:12:00 PM
From: Chris	of 7966

Hello, this is not only to Jim, but rather to the forum. Jim had the most recent message when I came in today. I have been in Ashton a while now, and have lurked on this thread. It seems to me that I could exercise my options and buy 2,000 shares at $3.00 and then immediately flip them at $3.75 and realize $1,500 minus fees. (Maybe get the car fixed!) What I am concerned about, though, is the effect these options will have on share price. We saw it fall almost as soon as the announcement was made, though it has come back nicely. Some posters have suggested that, if others are buying 4 warrants @ $.25 to buy a $3.00 share, then the stock price is headed for $4.00. I wonder whether there may be a flurry of selling immediately after the exercise deadline, which would cause the stock to trend back to $3.00? Can any of you offer input as to the effect similar rights offerings have had on other stocks? What do you think will happen to the ACA price immediately after the rights deadline?? Comments appreciated - thanks.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next