RE:RE:RE:RE:RE:RE:IF I OWNED WARRANTS It's been a busy morning for me. Slow to respond. If I owned existing warants, especially those that don't expire until March orJuly of 2025 it would be a difficult decision to agree to the amendment because it could very well mean I have to exercise the warrants at a much earlier date.
Suppose I own warrants that allow me to buy 100,000 shares. If the .93 cents price term kicks in soon I would have to pay $75,000.00 at that time. Whereas, if I keep my existing warrants (and don't take part in the amendment) I know I have until March, 2025 or July, 2025 to exercise at $1.25, depending on what existing warrants I own.
We've had lots of really good news lately but there's still no guaranty as to the timing of contracts and corresponding increase in share price. So, the share price could bump up to 93 cents or a buck in the near term. If I've agreed to the amended terms I have to exercise and pay the $75,000.00. However, if I don't agree to the amended terms, I keep my old terms and put no money at risk in what could be the near term based on how the share price is trending upward right now. What if the share price backtracks (Trump, Ukraine, delays by major purchasers, a massive bear market, etc. etc.).
THE POINT HERE IS THAT YOU CAN'T JUST SAY IT'S A GREAT DEAL BECAUSE I CAN BUY SHARES AT 75 CENTS INSTEAD OF $1.25. THERE ARE OTHER VERY IMPORTANT ISSUES TO CONSIDER. THEY'RE COMPLICATED AND THAT MAKES A DECISION DIFFICULT. I think the smart warrant owners are very cautious. Given all the variables my guess is they're going to stay put with existing terms and delay forking over cash for as long as possible.
In any event, still long and strong