not new investor money...... AxNjXn wrote: Don't mistake this volume for new investors.. This is just the the outstanding warrants being filled.
Ok, I disagree. When someone exercises their warrants, they send cash to the company(Siyata). In return, they get new shares at the set price. If all they did was exercise the warrants and hold the new certificate, no additional trading volume would result. The warrant exercisor would just have more shares of Siyata.
If the warrant holder takes the new certicates and adds them to a trading account and SELLS them, there is new trading volume. SOMEBODY, likely a new investor, has to buy the new shares or the warrant holder is stuck with them.
Who bought the new shares and created this volume??? Pixie dust investors? NO, either existing investors got very anxious that the stock would run away and wanted to add to their pile OR NEW INVESTORS bought shares from the selling warrant holders. If there is a different answer, i would like to hear it. Who bought the 2,078,400 shares on Friday? Who paid about $1million dollars to buy into Siyata? Was it existing investors and not new ones? I doubt it.