PINL:GRPOF - Post by User
Comment by
Pumper4Lifeon Nov 27, 2018 12:30am
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Post# 29025313
RE:RE:RE:Warrants or shares?
RE:RE:RE:Warrants or shares?Keep in mind over 9 million warrants were traded above .40
there is a total of 11 million warrants
eight capital unloaded 1.5 million warrants from October to November. This appears to be from the initial private placement. They created most of the recent drop in price as they sold into the bid all the way down to .25
Eight cap stopped their selling Mid November and the price has gradually gone back up
currently the warrants are trading at a 3.1x value, and in the past few months has mostly traded at a 2.5x value which means the warrant price should be at around .40 if tbp share price is at $1.00
warrants look undervalued