Nov 19th 2008, 18:22 system announcement
by IntLibber Brautigan
Arbi Tomsen Launches SAS Warrants
Arbi Tomsen is the major shareholder in SAS, and is now launching his own derivative security, the first of its kind in SL capital markets. The SAS Warrant is like a stock option, in that once you have purchased it, you have the right to buy shares held by Arbi at a price of 2.50 L$. Obviously Arbi is very confident in the future of SAS.The SASw is selling for .95 per share, each share entitles the holder to convert to one share of Arbi's SAS at any time for L$2.50 per SAS share.
If this sort of warrant proves popular, we will entertain similar warrants on other companies in the future.