GREY:EPWCF - Post by User
Comment by
Smokey1958on Feb 21, 2021 4:44pm
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Post# 32622608
RE:Warrants can be accelerated in two days
RE:Warrants can be accelerated in two days The current number of "active" outstanding shares is 293 million. I'm not sure what the number of outstanding warrants is but insiders certainly own a number of these. As Steven McAuley has said recently he certainly isn't exercising those he owns because working capital is something Empower doesn't currently have a shortage of.
While no doubt there will always be a level of shorting this is a stock that is far more risky than others because of its forward momentum. It would essentially come down to those wanting to short the stock working against others are desperate to get in and be included long on the stock.
Will there be retracement, possibly and probably ....but the inflection down could be shallow and relatively short-lived (pun intended). If you're playing for pennies or nickels, okay. Buy why would you play for that when the forecast for the business 2021 and beyond represents a significant uptick over the next year or two. Not a game I would want to play when there is only UPSIDE.
Cheers ....and GLTA!!!
7Twiggy wrote:
Unless I am reading it wrong, Empower can accelerate their warrants at an exercise price of .16 cents a share If the Empower share
price trades at .40 or over for 10 trading days. We had had 8 days of it trading over .40. In two more days Empower can accelerate.
This would add another 21,115,000 shares or 6% to the count for Empower bringing their share count up to around 350,000,00.
Not a lot of dilution but might provide somewhat of a buying opportunity. Last short report volume of shorts increased by 554,303 to
17,605,577. New report should be out on Monday. Not sure if this is why we are seeing an increase in shorting.