Willow Warrants expiry deadline approaching As most of us here probably know, the expiry deadline of the outstanding warrants is aproaching fast.
I believe there are around 7 million warrants out there? pls correct me if i am wrong.
To excercise these warrants each will have to be converted for for a cost of 0.85$ each and the money will directly go to Willow
A lot of people particulary large share holders may not have cash laying around to purchase these warrants, so a common practice is for warrant holders to sell common stock of willow in order to fund the purchase of these new issued shares at 0.85$ and these are obviously new shares and are not purchased on the open market.
The large volumes in the last few days may also explain part of this scenario and when you add new outstanding shares and combine that with the new finacing of another 15 million new shares recently a dilution usually causes slight down ward pressure.
But i think Willow is holding up well for all this going down at the same time and the future should be bright.
Cheers