RE:Any one Know! Freedom55
As of August 31, 2020, the Q3 FS, the Company had about 9.8M warrants exercisable at $15-.25. About 2.9M were exercised subsequent to August 31, prior to the filing of the Q3 FS due November 30. There was also about 2.8M stock options exercisable at about $.15.
The big drill hit just happened with large spike in stock price. I posted before that these warrant/option holders, obviously, are exercising now and the market is absorbing these shares.
People sell for many reasons. Diversification, taking profits, needing rent money, having another stock to buy etc. GLTA