RE:RE:RE:RE:RE:RE:RE:RE:Q1-21 Warrantsst_esteban wrote:
If this is the case the actual number of outstanding warrants that have not been redeemed yet for Jan 28 might be much less than 12 million.
We are playing a guessing game here. With the recent huge volume perhaps MS, WFI and other non-insiders have already converted their warrants and we would not know because they don’t have to report their transactions. If they had done so then the impact of their action on the sp is negligible. In my guessing game I assume that the 12M warrants are still intact. But it’s just me. I try to guess by verifying the increase in the number of shares outstanding but the numbers reported are quite confusing as follows:
Q3-20 Financials: Basic = 563.8M as of Sept 30 2020
Largeo website: Largo Resources share structure (as of January 22, 2021)
Shares issued/outstanding = 531.63M
TMX website (as of January 22, 2021) = ~566M