The warrants were not denied. That issue was reman
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Posted On: 04/26/2020 10:03:33 AM
The warrants were not denied. That issue was remanded back to the arbitrator for final determination. They are due the warrants. To be determined is should the value of the warrants be pre or inclusive of the 20:1 div.
Best case AEXG is going to get the 84K exercisable at 2.50.
Worst case is they are going to get 1,684,000 (84K X 20) at 2.50.
I would argue that they will get the 1,684,000 at .125 with both values adjusted for the div.
No matter how you look at it we took a HUGE L here and like you said TC, basically for no reason.
Best case AEXG is going to get the 84K exercisable at 2.50.
Worst case is they are going to get 1,684,000 (84K X 20) at 2.50.
I would argue that they will get the 1,684,000 at .125 with both values adjusted for the div.
No matter how you look at it we took a HUGE L here and like you said TC, basically for no reason.
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