8 million warrantsI can't imagine these won't be exercised and time is running out. Positively, at 10 cents these bring in 800,000 $ in the coffers. Negatively, these dilute. Everyone can understand that any insider would want to pay these off right away and if there is any future to this company, then keep most of the rest.
However, had these been exercised at .20, then 4 Million shares would have been dumped and possibly a few more to cover off any associated fees.
@ .25, only 3.2M shares need to be absorbed in the market.
@ .30, ony 2.666M shares need to be absorbed.
@ .40, only 2M shares or so.
I was expecting a big drag and pull back with warrants getting exercised and counting on this opportunity to add a bit depending on how much the insiders sell. But given the strenght and the millions of shares traded without news, I'm thinking this pull back will be minimal.
At least we'll know entirely how this turns out no later than Wednesday.