RE:Share Count Upark88 wrote: by 2.5 million. More money in the treasury which is great.
The overhang is clearly attracting the shorts but the selling seems very controlled, for now.
Good volume is everything, to churn thru the warrant related selling. The warrant price seems to be holding up well which is very positive.
Just need news. GLTA!
It's also important to note that these are not passive warrant holders. It's not advantageous for the warrant holders to be exercising at these low levels. Far more common and advantageous to be holding to when it's far in the money to consider selling.
Clearly, they're doing it to support the company.
p.s. there's a remote possibility of course that it's in the money by few pennies and they're unloading to take this profit. This would be highly unlikely given the circumstances.