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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (36064)8/27/2005 4:25:22 AM
From: shades  Respond to of 116555
 
eldoradogold.com

SHARE CAPITAL
(As of July 31, 2005)
Issued: 276,458,943
Warrants:
(exp. 08/25/05) 12,442,650
Stock Options: 7,822,833
Diluted: 296,724,426

finance.messages.yahoo.com

So that is the equivalent of $3.41. They will do everything to get the stock up to $3.50 or higher so the warrant holders will convert them to shares and the company gets its $35 million. The higher they can push it above $3.41 during the next two weeks the greater the likelyhood the warrants will get converted.

finance.messages.yahoo.com

The warrants appear to need near a $3.40 price (US$) or above to give them any value. It appears they won't be exercised, to me. So, we don't increase the float size. I think that's good.

If the exercise date is extended further out, then my opinion of management may change--significantly.

It seems to my mind that the world is getting more and more corrupt. Any suggestions for me regarding "less corrupt" PM companies? All thoughts and ideas would be welcome. So far, I like EGO more than many others. Thanks in advance.

finance.messages.yahoo.com

I suspect this was all related to the warrants. I had orders in through ARCA to sell shares at $3.15, $3.25 and $3.30. I was totally bypassed with all those trades at $3.50. So it was some type of placement not open market trade.

I cancelled my sell orders and put in two sell orders for 2,000 shares each through ARCA at $3.27 and one did execute about ½ an hour ago. So I still have 80% of my position if it is a real move, but I am happy to have the $3.27 for the 2,000 shares. And will be even happier if the other 2,000 shares sells today.

finance.messages.yahoo.com

Re: Huge block trades on all stocks
by: smcph10
Long-Term Sentiment: Strong Buy 08/26/05 10:39 pm
Msg: 1326 of 1329

A hedge-fund idiot intern put a couple of extra zeros in by mistake - that's my guess

BWAHAHA!