RE:RE:RE:RE:RE:TSX Uplisting ExpectationsRe: Warrant overhang
If I am reading things right (please let me know if you see an error here) there could be as many as 12.2 million warrants exercisable at $0.35 and 23.4 million warrants exercisable at $0.30 expiring this September. After that we have 16.7 million warrants at $1.70 expiring March 1, 2023. The good news is that this will bring in a significant amount of money into the company coffers. The bad news is this is a sh#t ton of overhang since many investors will sell their stock in order to raise funds to exercise the warrants. Then there is the dilution. Then there are the management incentive warrants and DSUs that will add about 38.7 million common shares worth of dilution at some point.
So it looks like the worst overhang will be until this September. After that, price pressure on the stock should start to relax, all things being equal. IMHO