RE: RE: RE: Warrants have nothing to do with thisI am not suggesting that we will see 15 cents...unless the wells tank.
I am only suggesting that the warrants MAY be a source of the downward trend. Exercise the warrant at 15 cents , and let it out the door at 22 cents for an easy 40% gain. If there are more warrants coming due in the week or so ahead....the market may be thinking that the price will erode a bit more and are locking in some profits now.
It seems that all the news is good...or at least not bad ,from the drilling end of things, so this is one explanation for me at least, of the selling pressure on the SP.
Right or wrong..I really have no idea.
but...No selling from this end
Kirkland49