Re: Same ole, same ole

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Re: Same ole, same ole

in response to

Same ole, same ole

turr

posted on Sep 08, 2015 07:01PM

Turr.

The break in overhang will appear around Sept 18th, give or take a day or two; however, it also looks like the sell-off to exercise warrants may already be burning out. We continue to watch with interest.

The 1.38M expired Sept 7th (yesterday) and the 2.82M expiring Sept 13th are already done with respect to any further impact on SP.

So the warrant overhang backbone is already broken everyone. Only 1.6M expiring Sept 27th remaining.

Note also that LP's options that expire on Sept 30th (same day as the POET WebCast after markets close .... coincidental timing if I ever saw it) .... is also the last portion of overhang we need to consider.

So around Sept 18th or before, we expect the overhang effect to be almost, if not completely exhausted.