Helo, the .40 warrants were a non-factor. If they cashed, CCB got money. If they didn't, dilution lessened a little, and they still had enough money. Ruddy will disagree, but there was no concerted effort to ever cash the warrants, as most of them were in the hands of people no longer with CCB, or in fact hostile to CCB. So getting the money was fine, but Bruce Duncan has not had any trouble raising cash on CCB-friendly terms, so not a big deal either way.
One thing I am willing to agree with Ruddy on is that on low-volume days it is quite likely that TCC folks are buying from TCC folks. Some look to flip, others to accumulate. Again, not a big deal. High volume days are more than just TCC. Hopefully, they're days of someone wanting in, and the share price seems to agree with that notion, as wanting out would sink the shares, which hasn't really happened. |
