Yes, itm, that's the way it's looking to me.
It's all about "Being right and sitting tight."
Great information in this thread. Thanks, everyone!
I'm patiently and happily adding to my position whenever I can--but that's what I do. GLTA
From the BTX Board. Thanks, twicesilent23
AST BTX pricing
"I saw this in the most recent AST 10k. One the surface it appears AST can purchase about 25% of it's common stock shares for $29 million. That's a pretty large reduction in share count especially for a company with only 30 million shares in the float."
From the AST 10k:
"We have outstanding warrants to purchase 3,500,000 shares of our common stock at an exercise price of $5.00 per share that will expire on September 30, 2016, and warrants to purchase 5,000,000 shares of our common stock at an exercise price of $2.34 per share that will expire on June 15, 2015. We will receive $29,200,000 if all of the warrants are exercised. There can be no assurance that the warrants will be exercised."
But what if they do?
Do they create a real dearth of shares in a stock with a very tiny float already?
I think you may be right, itm.
However, it doesn't matter to me because I'm using my time wisely and buying Prana at a buck and change!