GREY:UEXCF - Post by User
Comment by
invest4funon Apr 21, 2022 12:28pm
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Post# 34620636
RE:RE:RE:last ten trades, Cheap accumulation of shares continues.
RE:RE:RE:last ten trades, Cheap accumulation of shares continues.stockrook86 wrote: The volume is just crazy compared to a company like GXU where you have been so heavily correlated with for a long time.
im not sure when the warrant stripping will end, but can't be too much longer at this pace.
I haven't even attempted to estimate how many shares of the 73 million from the Sept 2021 PP have been sold in order to strip out the warrants.
And then there's the 6.5 million share PP last December but they are barely in the money at the current stock price. ... and we can't forget that Soresen had 34 million shares when he ceased to be an insider in January 2018. 16 million of those he got for $0.10 and the other 18 million at $0.20. No idea how many of those he still holds.
So there are a lot of shares out there obtained for way less than the current stock price... at least 100 million.. representing about 20% of the float. Will be interested to see the share/warrant/options numbers in the Q1 MD&A.