2. Avalanche of Warrants
As of year-end 2011, there were over 21 million warrants outstanding with exercise prices between $1.00 and $1.50.
From the latest 10Q:
"As of September 30, 2012, there were warrants outstanding for the purchase of up to 10,224,339 American Depository Shares, or ADSs, each representing one of our ordinary shares, with a weighted average exercise price of $1.43 per share."
Now, why do you suppose the writer would use such out of date information?? Maybe to SCARE people. BOOO!
Write up from Steve Rosenman
Dec 13 07:23 PM
Alex, as a SA contributor and professional institutional investment advisor with one of the largeest advisory firms in the world, I am ashamed that my comments will even appear on the same page as yours...but I had to just stop by and say you are so full of #$%$ and that not one statement made in your article is true.
Good luck shorting AMRN