DD on warrants/ accelerator clause
According to Financials, they is a large block of warrants, 9,297,500, that expire on Sept 2, 2022. They are under Thunderstrucks accelerator clause , which from their news release says in effect if stock price above .25 for 20 consecutive days, the company gives notice that warrant holders have 30 days to exercise them or lose them. So going backwards from Sept 2 , 30 days notice is August 2 . Then go back 20 days at .25 and that's like first week of July. Then go back to get price from here to .25 and that readers could be shortly! This stock is going to run, I feel it and, imo, they would certainly want to catch that block of 9 million shares before they expire and lose the funding. Have I got that right? Comments welcome.