I hold a position in an a warrant which is out of the money and expires August 2011. I know this may be a long ways off but, the warrants were issued four years ago. That being said I addressed this concern and was told "the expiry date can easily be extended." Also that it wasn't being done now or soon because of the negative connotation associated with such an event (the stock not being able to hit the strike price before august). This begs the question, why would it be any different with one month left?
A few other concerns:
The stock is a microcap with an average daily volume of less than 8k
Historically when there is a positive event such as promising earnings or some sort of acquisition the stock moves up near the money trades higher than normal volume for a few days and falls back to it's 200 day moving average.
As what's stated above would imply, the stock is not volatile
Q1 and Q2 are historically poor earnings wise for the corporation since it presently cannot provide a great deal of services during winter months due to the nature of the work.
In case someone is interested, the ticker symbol is ESA and the warrant trades as ESA-WT
A few other concerns:
The stock is a microcap with an average daily volume of less than 8k
Historically when there is a positive event such as promising earnings or some sort of acquisition the stock moves up near the money trades higher than normal volume for a few days and falls back to it's 200 day moving average.
As what's stated above would imply, the stock is not volatile
Q1 and Q2 are historically poor earnings wise for the corporation since it presently cannot provide a great deal of services during winter months due to the nature of the work.
In case someone is interested, the ticker symbol is ESA and the warrant trades as ESA-WT