Warrants issue from cfo I sent Joe a question about this:
Hi Joe
Thanks!
Some forum members have floated the idea of Axl could contact the warrants holders who have a large portfolio of warrants, to ask them if they would sell them or the converted warrants to a large institutional entity. Is that something the company is open to? Maybe the new board member could facilitate such? I don’t know if such is legal but the concerns of share price is under constant pressure is a major concern to many shareholders.
Hope for a sensible answer or any other solution to rise share price. Mcap is very low for all the good work you all do.
Thanks
answer:
That is an interesting suggestion. We have been working on some of the warrant holders and we believe we will have some good news to announce in the future.
Until then, our current stock price is a great buying opportunity. The warrant issue is behind us, one way or another, after October of this year.
Thanks
Joe