RE:RE:RE:Roger exercised warrantsA useful question would be how far ahead of time must an insider decide in order to excercise a warrant? I was under the impression that insiders have to decide a bit further back in time, but not sure.
500,000 shares is quite a bit. I'm guessing that he decided that there was no other way of getting 500,000 without driving the price up above 0.3.
On the plus side, people worried that warrant exercising would increase the float and dilute value. With RDW being a long holder, he is likely to just hold on to the shares. So they won't had anymore volatility.
IMO