RE:Exercising WarrantsGreat question. That could tell us so much, including whether their is going to be a big sell of on warrants by ones who are holding them but have no money to exercise them. Or if the majority are already exercised, and the few left will easily be sucked up before expiry date.
I added up the warrants that have been sold since december 1st. It is over 2 MILLION.
And their is only about 9 million warrants total. Now these warrants were given to the group of investors that came up with 15 million dollars worth of shares at 65 cents. Is this correct?
So the share price at this time of this public offering was about the same price. So the warrants were given as an incentive to buy all these shares in a lump sum at 65 cents. So anyone who put out this amount of money, must have been convinced that the company has a future and was planning on holding the shares. So since they had lots of disposable money to buy the shares at 65 cents, wouldn[t it be logical they have the money also to exercise their warrants. ? And so if that's the case, maybe most have already been exercised? Maybe the only ones that sold their warrants were those that were given the warrants, but didn't want to wait two years. Who knows? Can anyone share some insight?