Warrants1. In the end the exercise of the warrants is good thing as it allows the company to ride out the pandemic without the need to raise further cash from a financing which would delute the remaining shareholders.
2. The warrants would eventually be exercised anyway so it is a less dilutive way to raise money to keep the company operational as opposed to a placement of some kind.
3. Once all the warrants are exercised they are no longer a problem for future dilution of the share.
4. George said with the exercise of warrants a future financing would be avoided as it would only be needed if large scale production facility needed. (This would be a great problem if it occured).
5. The sales of insider shares was enough to cover the cost of exercising the warrants and the money is now in the company.
6. The insider ended up with shares as it appears he only sold enough to cover the warrant exercise cost.
7. it is actually a positive sign as long as the insider didn't sell more then the number of shares needed to cover the warrant exercise cost.
8. The insider also has to pay some tax on the gain from the sale of the shares.
9. In the end the company now has a longer runway to ride out covid and not need other financing.
10. George is doing a great job and all shareholders should be thanking him as we will be the benificaries of his years of hard work!