The June 2018 Investor Presentation says no Warrants outI am not going to reread every press release, but I'm almost positive that warrants had been a kicker on previous financings, much like the just completed one.
Slide 4 of the June 2018 Investor Presentation says no warrants were outstanding. Pretty sure warrants had been issued, but they were either exercised, or more likely they expired.
It isn't good news that NUG stock didn't stay high enough for them to have been exercised at a profit, but it does point out that there are no guarantees, and that some potential dillution won't occur.
The most recent warrants are at CA 30 cents for 2 years. They are not only an incentive to participate, but they are a low cost way of raising capital at 50% above the Private Placement price. ...More like double today's price.
The Insiders acquired 4,525,870 new warrants in the financing, or 36% of it. They have 24 months to get NUG's price over 30 cents. Then the shares cost 30 cents, so they won't profit big unless the price is significantly higher than 30 cents. Sweet.
Looking at today's trading, I hope they make a bundle, and so should you.
Separately there are 32.1 million [incentive] options listed in the Presentation. They all have expiration dates. Incentives can be a great motivator.
The Insider's fuse is lit.