There are 28,580,000 trading warrants with a strike price of 90 cents that expire on May 9, 2010. Current selling price is only 6 cents due to the fact that the stock is only at 32 cents. The closer Creston gets to the strike price the higher the premium for the warrants will be until the stock price either goes over the warrant strike price at which time people might excersize the warrants which would bring money into the company or the stock never goes up to the strike price and the warrants expire worthless.
http://www.hashemian.com/financial-m...
At this point buying warrants is a big gamble UNLESS you know that the stock will go over 90 cents by May9,2010 either because of a buyout at a higher price, or some very good upcoming news such as high grades for the Red Hill feeder zone or a large increase in resources from the updated 43-101. etc.
That said, the purchase by George was very small to the point of insignificance but might be a start to taking a position with further purchases to come. (I hope)
I would like to think that the price of Creston has bottomed but due to the uncertainty of the world financial markets, I am not very optimistic in the short term. In the long term, I am very hopeful as to the outcome of our company both in share price and fundamentals.
2b