warrants, page-6

I posted the warrant info on daytrade diaries earlier today as a few traders seemed interested and i thought it could have been a reason for the rise in sp the last few days.

The way i read it is that whatever the price of AXM is at 180 days after 29 September 2008, will be used to calculate an exercise price.

I think 27 March, before open, when the sp was 24c could be the price used for calculation (remember 180 days is not quite 6 months).

The sp at 270 days will also be used in the calculation for the exercise price as i read it (June 26?).

It will be interesting to see where the price of AXM is at 270 days.