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Gold/Mining/Energy : Oilsands Quest Inc -- Ignore unavailable to you. Want to Upgrade?

To: lazarre who wrote (60)	12/10/2007 5:24:35 PM
From: Jim P.	Read Replies (1) \| Respond to of 85

Lazarre, The Warrant does expire about 2 years from about now I would expect them to expire on 3rd friday like most warrants. Strike of $6.75 gave away money to the buyers of the offering well in excess of what I think they could have gotten. The company sweetened the deal with the time value of the options instead of selling the stock at a premium to market offered at a discount. I do question why this decision was made in the pricing. Warrants trading for $1.40 currently. The warrants are U.S. style in that they can be exercised anytime between now and then. Jim