RE:RE:Warrants an overhang ? warrent holders can sell half of their shares at 1.60 and above and keep their warrent to buy another stock.
this way, warren holders can invest much more money while retaining their ptq share.
If I have 100 ptq shares and 50 warrent. I can sell 50 ptq shares at 1.64 which will give me $ 82. I can invest this $ 82 in another stock, or elsewhere while keeping the same number of shares.
or you can try to play with the shares .you can sell when it is higher than 1.60
and tried to redeem lower and if you are not able to redeem lower then you have the warrent left.
therefore it creates support at $ 1.60