Thanks Michael,
As of Nov 8,98---571,430 shares could come out and are in the money above .35
As of Nov 8,98---571,430 warrants could be exercised and are in the money above .35 until Nov 8,99. If these are not exercised by Nov 8,99 at .35 they have to be exercised above .40 to be in the money for the period until Nov 8,2000
There could be a total of 1,442,860 shares come out into the market above .35
As of Nov 8,99--- 210,870 shares could come out and are in the money above .46
As of Nov 8,98--- 210,870 warrants could be exercised and are in the money above .46 until Nov 8,99. If these are not exercised by Nov 8,99 at .46 they have to be exercised above .53 to be in the money for the period until Nov 8,2000
There could be a total of 421,740 shares come out into the market above .46
There could be another 75,000 shares come out above .45---no Bigee
There could be another 770,000 shares come out above .47 for a period of 5 years.
Will insiders quickly dump once we get above these prices or will they wait for a while. They have lots of time...at least until Nov 99 to exercise their warrants above .35 and 5 years to exercise their options above .47
If present volumes continue there would be no problem to absorb these amounts anyway even if it came out in a few days trading. It seems as though there is no hurry for them to sell. The story is just developing and to make much money off their previous investment they would be looking for at least .55 to .60.
We may see some resistance at the .50 to .60 range from shorting and more flipping but the shorts may carry us higher.
Cheers all long....brain droppings of ChainSaw |
