Are 5.1 million $0.30 May 14, 22 warrants holding down SP?
In the scenario where all warrants are exercised there would be 5.1 million new shares that might be held by parties that would be content with a modest gain in the low to mid thirty cent range. That could potentially be a couple of months worth of shares at average trading volume added to the ask side at those prices. And that could make many potential buyers hesitate to pay much over $0.30 before those warrants expire.
I can think of other reasons for the current SP - inflation, interest rates, world events, etc. But I think it will be very interesting to see how the market responds in the next few days as those $0.30 are taken out of the equation.