We're going to be offered the opportunity to participate in a share purchase plan (spp)once a few hurdles have been jumped. What doesn't seem to be offered to ordinary shareholders are the warrants. Admittedly these are attached to the notes issued to TCW Funds but the opportunity to buy a 10 year warrant for $0.0001 which can convert to one share seems attractive. Chuck a million warrants in the drawer for the grandkids for $100. Or have I got this all wrong?
And why 5,958,039 warrants? Why not an even 6 million?
MOL Price at posting:
$1.00 Sentiment: Hold Disclosure: Held
