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TGC Industries Inc. Message Board

  • gps1997 gps1997 Oct 10, 2005 11:38 AM Flag

    Warrant holders

    What if the warrant holders decide not to sell their warrants to the company at $7.0125?

    After all, the stock was much higher at the time of filing, and they may not have envisioned such a low price.

    The company will then keep the extra 20M or so cash, pay off debt, expand faster if demand is there, be more secure.

    And the warrant holders will get to sell at a better time, when the shorting by underwriters is absent, the float is bigger (so the daily volume to sell into is bigger) after this offering, the seasonally strong winter is at peak, more participants have been drwan into the sector (the big rallies in oil and ng are only 3 months old, capturing headlines).

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