GREY:EPWCF - Post by User
Post by
PANAGONINVESTon Mar 04, 2021 1:32pm
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Post# 32716452
47 Million Warrants exercise at $0.06 on March 10?
47 Million Warrants exercise at $0.06 on March 10?On March 10th many more warrants can be exercised and more dilution for shareholders with not that much cash for the company at an exercise price of just $0.06. The Insiders could exercise the warrants at just $0.06 and then sell them in the open market at market price at a huge profit for them but not that much cash for the company's coffers
If an insider exercises let's say 1M warrants at $0.06 that is just $60,000 for the company coffers. Then that same Insider could go and sell that 1M shares in the open market on March 10th, let's hope that the shares will be trading above $1 at that time, at $1.00. That would be a profit of $940,000. Do you think insiders are not going to dump many of those warrants in the open market making big profits and increasing shareholders dilution.
I don't really know what is the blackout date for Steve and the other Insiders?
I don't even know why didn't they renegotiate restructuring and increasing the striking price of the Warrants if they are so sure about the upside and potential of the company???
That would have been very reassuring for Shareholders and The Market. We are talking around 47 Million Warrants at just $0.06 with potential to sell them in the open market at huge profits for them while generating little cash for the company's coffers.