Deep Dive Post - warrantson warrants - this was called, this company has been around since 2003, they are in the business of making money, and now they have money (after warrants ex) to move in the direction of block chain with a patent in their back pocket.
to be blunt ... if i had 5 million shares at 0.07 and the stock was at .17 when they were released i would sell too, regardless of news just like a SMUK.
""""So, whats the significance of this? Basically, assuming all warrants are exercised it’ll add a further 23.78 million to the companies fully diluted share count. This of course, is in addition to the 23.78 million new shares add to the outstanding count. However, in the process this adds up to $1.66 million to company coffers immediately.
How do traders benefit from this? Short form: hype. As of the companies latest financials issued on November 20, Data Deposit Box had approximately $393,606 in current assets. If you add in the potential $1.66 million should all warrants be exercised, and the company will have approximately $2,000,000 to spend. Based on rumours of the entrance to the blockchain sector, this is more than enough to get the engines revving for DDB. It also provides the company with easy access to future cash, through the additional warrants issued at $0.25 a piece.
Keep in mind that this will likely provide some selling pressure at the same time as warrant holders sell their positions that they just established. Some will undoubtedly hold, while others exit immediately. For traders, it’ll likely cause some dips. Be aware of the gap that is currently present at $0.10 to $0.11. If selling pressure comes in strong from warrants being exercised, this gap will want to fill.""""
https://thedeepdive.ca/brief-data-deposit-box-traders-paradise/