Wed, May 22, 2013, 5:18 PM EDT - U.S. Markets closed
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I agree, the actual number of warrants redeemed will probably be less than the 770K out there. Hopefully we will find out next week.If warrant holders can redeem through Friday and trades take three days to settle, MAXF management may not know until late next week exactly what the numbers are.Trading like this week in MAXF is just background noise for long-term holders. We are stuck in a range until the warrants are gone and Q1 earnings provide the next catalyst to move.
downward pressure on maxf. supply and demand.if financials stay strong, next week the upward movement will begin.hopefully a sustained upward move.