Warrant participation questionable
Even if by some miracle this trades flat for the next three weeks some warrant holders may hesitate to excersise their warrants. Waiting to the very last day they might say. "you know what? I got the shares for 75 cents that i couldnt sell at 2 bucks because they were restricted now do i want more at a dollar five that i can't sell right away either.In this market? nah i think ill pass." Then what ? Baylin anounces that many warrants expire worthless . that few wanted to excercise even at a dollar five. What do you think that will do to the share price? Pretty scary right? editors note: this scenerio is entirly fictional and it may or may not happen