RE:RE:Don't those cheap warrents come due very soon?I remember 2 of the biggest private placements were dumping their shares at or below cost. I guess some sales were above their pp cost but a lot were not. either way, tens of millions of shares are about to be free to dump... again
MIKERRRR wrote: Giuseppe... Your timeline is a bit off... Share count didn't double since this Summer...
Fully-diluted count was just over 1 Billion this Spring ( pre-Reverse Split )... In fact, I'm pretty sure you talked about it back then...
So the 10:1 Reverse Split would've made that number just over 100 Million...
But YES, there was a BIG Private Placement this Summer that created just over 35 Million MORE shares, and a smaller PP shortly after that...
So it's true that the fully diluted share count is somewhere in the ballpark of 140 - 145M now...
And yeah, those 35M shares / warrants become free-trading in two stages soon... First batch in late November and second batch in late December...
But A LOT of the PP participants were strategic investors who see WAY higher potential for their holdings in the longer term...
Given the 20 and 25 cent purchase prices, it's probably reasonable to expect SOME profit-taking ( much like YOU did on the recent move up ), but Peak's fundamentals are becoming a much stronger influence on the market now...
And the story should become clearer soon enough...