Warrants I know this won't be a popular item to discuss as most people here are awash in warrants, but I realize the millions of warrants outstanding creates the same Share Supply issues we are with the never ending PP's.
We have seen share price rise only to sputter out in recent months. Of course it's always a dubious pump and dump Scheme or those pesky malcontents that are the problem in our collective minds, but most likely there are shares sold to be bought back at .05 cents by way of warrant. At least that's a big part of the supply side problem. You can't deny there isn't the incentive there for shareholders to take advantage of the situation. And why wouldn't they/we?! Being stuck here for years on a steady decline. That's the whole point of the warrant incentive right. You get to buy cheap shares later after the price goes up. The only thing is, it's only absorbed in small amounts, and Supply and Demand reign king in the markets!
I don't know how many warrants there are left but I would think at least 20 million off the top of my head, could it be closer to 40 million? Has anyone kept track. So we have to sit through 10 to 30 million more shares purchased on the open market before the share price will be allowed to rise? Or perhaps we wait for a super news event to bring explosive demand?!
I hate to say it but it will soon need to be time to enact that provision the force the warrant redemptions and allow the supply and demand of this thing take effect on the open market. Our current share price is informally set at the lowest price warrant holders are willing to take for a sell-off and warrant redemption.
Now I know Lanagold and others will say they have not and will not sell share to redeem warrants, and certainly not at these low levels, but all it takes is a million or two of the millions outstanding to stall the progress. If there's no price increase that comes on news, there are no new investors that join us, and we continue to languish.
So the free and easy PP money raising Tim is so proud of comes back to haunt again. Time for Tim to enact the provision, let the share price suffer for a bit, and then we can see some true SP increase in the next year.
Just my observation and opinion. I'd be curious to hear any thoughts on the subject.