If the common shares average 5.75 Canadian over a 20 day trading period company can force conversion. I.E holder will get one share of PAL for one PALWF + 4.25 Canadian. Any premium over the strike will be gone immediately I dumped all my warrants the past 2 days. Time to roll it all into RBY!
Quote Originally Posted by DAWGPRINT:
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Dawg,
If the common shares average 5.75 Canadian over a 20 day trading period company can force conversion. I.E holder will get one share of PAL for one PALWF + 4.25 Canadian. Any premium over the strike will be gone immediately I dumped all my warrants the past 2 days. Time to roll it all into RBY!