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To: koan who wrote (19306)8/27/2006 11:15:52 PM
From: marcos  Respond to of 78416
 
The common can expire too in some cases, to be fair about it ... anybody want any Axxent, axx.to? ... Rorex, rrx.v? - they had Ocampo property that Gammon ended up with and did well on, that may have been because gam.to refrained from absconding with the treasury ... first come first served, but no this offer has no deadline -g-

There is a pressure put on by the warrants themselves, on the shareprice, if there's any amount of them they loom over the thing like a cloud, everybody expects the dilution to take time to digest, which it usually does, outside of the bullmarket runs, which don't happen often, or for very long

When you make a call on one of these puppies you are either -

1. right - stock heads north fairly immediately
2. wrong - for a while, and then right, you were just early that's all
3. dead wrong - play never works out, you lose no matter when you sell

Number 3 is actually quite rare, rrx.v is in that category, but not so many are .... i hardly ever get number 1s, once in a while, it's nice but not a wise thing to pin one's hopes on, imho .... most picks that are worthy of a serious look fall under number 2 - they take a while to come to fruition, and that's why they're offered 'cheap', some take longer than others, some work out in the end better than others, but you have to be prepared to act the role of patient bagholder on all of them .... which is fine, i'm used to that, but throw in a looming date for drop-dead 'expiry', and it's confusing, the knees go all weak

That said, i did throw beer money at the epm.wt.b, and am watching bwr.wt, haven't bitten yet ... if mmgg or cuu.v had warrants out i'd be watching them close, especially if they were long-dated, four years or better, the extra leverage on top of small market caps with huge resources would be fantastic