RE:Are 5.1 million $0.30 May 14, 22 warrants holding down SP?ChupacabraBueno wrote:
In the scenario where all warrants are exercised there would be 5.1 million new shares that might be held by parties that would be content with a modest gain in the low to mid thirty cent range. That could potentially be a couple of months worth of shares at average trading volume added to the ask side at those prices. And that could make many potential buyers hesitate to pay much over $0.30 before those warrants expire.
I can think of other reasons for the current SP - inflation, interest rates, world events, etc. But I think it will be very interesting to see how the market responds in the next few days as those $0.30 are taken out of the equation.
3.1 million shares, not 5.1