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Biotech / Medical : Receptagen Ltd. -- Ignore unavailable to you. Want to Upgrade?


To: Russell J. Gilbert who wrote (134)7/28/1998 12:10:00 AM
From: Wizzer  Read Replies (1) | Respond to of 203
 
I believe it may have had something to do with the "triggering event" mentioned in the following link:
Message 5282261
It is possible that the stock price was forced upwards over a ten day period causing the "triggering event" to occur. Since, the higher price met the criteria for the "triggering event" causing the TSE imposed rule to come into effect. In this way, the warrants would have to be exercised, or they would expire. Perhaps, Receptagen wanted the warrants to be exercised to receive the cash flow immediately, or just be rid of them.

The appearance of "an effort to keep the price down" could be a result of the aftermath of the "triggering effect" being implemented, and thus the settling of the price back to a lower level.

Just my thoughts.