To recap the share structure as of 12/31/06:
A/S = 100,000,000
O/S = 53,986,202
Warrants = 7,078,066
Vested Options = 3,203,334
Unvested Options = 1,406,666
Fully diluted w/options & wts = 65,674,268 as at 12/31/06.
Hard to say what exact o/s is right now due to warrants expiring on 2/10/07.
"As at December 31, 2006, 7,078,066 warrants with exercise prices ranging from $0.15 to $0.30 are
outstanding. These warrants expire on February 10 and July 7, 2007."
Undoubtedly "in the money" warrants will be exercised. The price of PAN.V was recently above the high exercise price of .30 so I would guess that most of them will be/have been exercised and o/s will be close to 60 million shares even and the fully diluted won't change or will decline slightly.
Vic
A/S = 100,000,000
O/S = 53,986,202
Warrants = 7,078,066
Vested Options = 3,203,334
Unvested Options = 1,406,666
Fully diluted w/options & wts = 65,674,268 as at 12/31/06.
Hard to say what exact o/s is right now due to warrants expiring on 2/10/07.
"As at December 31, 2006, 7,078,066 warrants with exercise prices ranging from $0.15 to $0.30 are
outstanding. These warrants expire on February 10 and July 7, 2007."
Undoubtedly "in the money" warrants will be exercised. The price of PAN.V was recently above the high exercise price of .30 so I would guess that most of them will be/have been exercised and o/s will be close to 60 million shares even and the fully diluted won't change or will decline slightly.
Vic
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