No. of Recommendations: 6
Co announces that NRDC Capital Management, has exercised all of their 8.0 mln warrants. NRDCs warrants were exercisable for ROIC's common stock at a price of $12.00 per share. NRDC exercised all of their warrants on a cashless basis. Based on common share price of $13.13 per share, ROIC issued 688,500 shares of common stock in a private placement to NRDC.

The point to note is it is a cashless exercise. ROIC received no cash and issued only 688500 shares in exchange for warrants.

Also there is close to 500K warrants exercised resulting in shares purchased with cash.
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