RE:RE:RE:RE:Load load load your boat....It is exactly those warrants we are talking about and they are a headwind to the stock price today, not 4 months from now.
If you are a financier and not a stock speculator, there are a number of alternative things you would almost certainly do right now. If you don't currently hold any shares, you would short the stock to lock in .80 for the warrants. Financiers like certainty, not speculation. So when you short the stock at .80, you cover the short with stock from the warrant in 4 months from now. Total cost of the whole transaction including the PP shares? .75. You just made .05 profit and you have 4.3 million free shares in your account. This is done all the time. It is a slamdunk guaranteed profit for 4 months of financing.
Better yet, if you currently hold shares, you sell shares at .80 to pay for the .35 PP. If you hold enough shares, you sell enough to pay for the shares and buy into the warrants. You make big guaranteed profits and you are not out of pocket for cash.
The problem right now is that there is still a lot of financial positioning going on. That is why the stock is closing at under .80......to reset the clock on the cash call for the warrants. Financiers are selling and/or shorting to lock down profits or keep up the cash flow. It is an overhang that has to get chewed through before the stock can move up. That, or some big news like the Definitive Agreement, contracts signed, progress on MineCoin is needed to power it through the overhang from the PP.
Remember, none of this is going on because someone thinks it is a bad stock. They just do it to nail down profits today.
There is another 4.3 million shares to come yet. This stock needs higher volume to eat up that stuff without the share price getting hurt. If we see a few million shares/day getting traded, problem solved quite quickly.
BuyLow999 wrote: Which warrants are we talking about? The latest $0.35 PP with the $0.40 warrant has a 4 month hold on it, so there is zero trading until then.So let's say first week in April they will be free trading.
Lots more news to come on BWC
wilwal wrote: 4 million warrants are on the edge of getting a cash call if the stock trades 10 consecutive days at or over .80. That means two things: 1. downward pressure until the warrant holders are prepared for a cash call and 2. an excellent buying opportunity until the pressure is over.
This stock doesn't have a huge daily volume so it may require some patience. News could change that quickly though if the volume increases and powers through the warrant holders.