Web Images Videos Maps News Shopping Gmail more »
Help | Sign in
Go to Google Groups Home
   
Discussions for Lyrtech Inc. View all discussions
My starred discussions
My profile

Message from discussion Lyrtech announces a $1.5M investment agreement
The group you are posting to is a Usenet group. Messages posted to this group will make your email address visible to anyone on the Internet.
Your reply message has not been sent.
Your post was successful
 
From:
To:
Cc:
Followup To:
Add Cc | Add Followup-to | Edit Subject
Subject:
Validation:
For verification purposes please type the characters you see in the picture below or the numbers you hear by clicking the accessibility icon. Listen and type the numbers you hear
 
etienne...@gmail.com  
View profile  
 More options May 10 2008, 3:32 pm
From: etienne...@gmail.com
Date: Sat, 10 May 2008 12:32:14 -0700 (PDT)
Local: Sat, May 10 2008 3:32 pm
Subject: Re: Lyrtech announces a $1.5M investment agreement
Reply to author | Forward | Print | View thread | Report this message | Find messages by this author
Not quit sure myself, but here's my interpretation of it:

An investment of 3 X 0.5 M will be made.

The first 0.5M investment will be made at the end of May after the
10:1 roll back at a price of $0.15 OR at the last 10 days average
price IF the price is lower than $0.15.

The other 2 X 0.5 M investements will be made at $0.20 and $0.50, but
IF the investor decides to exercise his warrants at a different price
they will be done at the last 10 days average price. A warrant is not
an obligation to invest.

Now the anonymous 9 million shares buyer COULD be Lyrtech themselves !
They bought those shares at $0.01 and $0.015.... So they get 0.5 M for
each tranche that is exercised by the investor and are giving up
shares that they paid much lower than they are worth at the time the
warrants are exercised. And this is how money is made !

Since I have only been in the stock market for about a year, I don't
understand the whole dynamics yet so if someone else that knows more
than I do reads, can you please tell me If I got this right ?

Strob a écrit :

> http://www.newswire.ca/en/releases/archive/May2008/09/c6915.html

> I don't really understand this part:

> The first tranche is exercisable at $0.15 or at the average price of
> the
> last ten trading days, if lower, upon the conclusion of the roll-back,
> expected by the end of May. The last two tranches are under the form
> of
> warrants exercisable either at the exercise price ($0.20 for the first
> tranche
> and $0.50 for the second tranche) or at the average price of the last
> 10 trading days, if lower.

> Is it like they are emitting new shares? Or are they selling shares
> they had kept for them?


    Reply to author    Forward  
You must Sign in before you can post messages.
To post a message you must first join this group.
Please update your nickname on the subscription settings page before posting.
You do not have the permission required to post.

Google Home - Terms of Service - Privacy Policy

©2009 Google