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Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL
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To: PaperPerson who wrote (4595)4/9/2012 9:54:40 PM
From: PaperPerson   of 4690
 
Bought some SSL-WTA today. Paid 87 cents.

I like the stock very much and want to own it post-consolidation.
These are in the money warrants that do not expire until fall of 2015.



Five warrants buys a post consolidation share at U. S. $5.00.

At 1.65 a share now. Five shares becomes one so Post consolidation price is now 8.15.

So each group of five warrants cost 4.35 and has an intrinsic value of 3.15.

So I paid a premium of 1 20 per new share for a two and a half year call at 5.00.

Here is the reverse split announcement from a few days ago.

sandstormgold.com

My guess is that today's decline may hv wrung out the stock.

If Not I will average down this summer.
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