RE:RE:RE:RE:RE:RE:Volume drying up, is Spectra7 just taking a breathjimmer10 wrote: Maybe my math is wrong, but i don't think it's the warrants that drove the volume last week. I think it was the conversion of the debt to common shares. If those warrants were exercised, that would've filled the bank account for S7.
$9M debt converted to shares at $0.35, is ~25M common shares ready to be unloaded. The debt holder can get out of their investment.
Thanks Jimmer10. OUCH!!..dilution and at a huge loss from the strike. Not a good sign. Tick,tick,tick. Cheers S7