RE:RE:RE:RE:RE:RE:That is a lot of warrants exercised!!!sailorbull wrote: Joe,
The vast majority of the outstanding warrants are controlled by the biggest shareholder Mr.Wang and his associates. It’s likely they will be exercised in order to bring in cash for PKK, but NOT dumped. He has not intention of dumping any shares until the SP has reached his objectives on the big boards (which is several dollars a share...)
https://thecse.com/sites/default/files/investorx/PKK/1607291404103095.pdf
He won't sell a single share, not because of the price but because he owns 51% of the company if and only if he exercises all his warrants and does not sell a share. Truth is he would probably still exercise the warrants even if they were out of the money in order to ensure he is the majority owner of PKK.