Remaining 'overhang' calculationFrom the Annual Report here are the Warrants outstanding, all of which are exercisable, at December 31, 2017:
Exercise Price -- Quantity -- Contractual Life
$0.15 -- 165,000 -- 0.81
$0.30 -- 3,356,668 -- 0.91
$0.40 -- 3,445,606 -- 1.12
$0.50 -- 12,354,492 -- 1.22
I suspect the vast majority of the $0.15 and $0.30 warrants have all been exercised after today.
Today's volume may indicate the 40 cent warrants are also being exercised (and more money in the coffers) as well.
It is reasonable to assume the temporary ceiling on VPT is in the low to mid 50's until a large number of the 50 cent warrants have been exercised.
Given the magnitude of the company's prospects and the trading volumes this may be doable in the short to near term.
Thoughts? Anyone noticing trading patterns from certain brokers that may indicate warrant exercising?
Cheers,