The last year for many warrants to be exercised. There are a few of us interested in these, some of us still hold the shares and others who could once again if the share price gets to a premium above the warrant exercise prices.
The B warrants are currently some way from being in the money but if even some of the less optimistic predictions are correct we could see these and perhaps some of the other warrants having some value. Could raise some useful extra money for the company as well.
Current exchange rate is nearly exactly 58p per dollar. This gives the following figures:
B 1.50 0.87 1.30
C 2.00 1.16 1.74
D 2.50 1.45 2.17
E 5.00 2.90 4.35
F 10.00 5.80 8.70
The warrant price is first shown in dollars then the exercise price in pounds and then the compulsory exercise price in pounds. (Compulsory meaning that the company has the right to set a time limit in which to exercise the warrant once the share price has been above this level for a while)
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