RE:RE:RE:Buy ARTEMIS instead of I80....."I'm aware of the warrants and yes that could well be an overhang much like I80 has but most are held by the same management that owns 40% of the stock so I consider that in strong hands."
In my view, it's not in whose hands the warrants are held. It's the excessive dilution to existing shareholders that's the problem.
Currently only 193M total shares outstanding, yet there are 31M outstanding warrants (16% more shares to be added) at an exercise price (1.08) that is way under the current share price (4.63). That's not good no matter who holds the warrants if you're a current shareholder.
Of course, only one of many factors to consider, but definitely a negative in my view on both counts (over 10% of existing shares outstanding and a very low exercise price vs. current share price).