Post by
TheLandedEagles on Jan 20, 2024 2:48pm
Warrant Exercise!!..Will raise over $12mm
While their cash position is quite strong presently over $4.5mm..when and if they require more funding for the mfg and distribution of their new FDA Approved KATAMINE....the O/S 16mm warrants would more than likely be exercised at .80 cents/share...raising more than $12mm...avoiding any large share dilution...This is more likely ..then not, in my opinion. Shortly, with the FDA Approved announcement this will no doubt bring share price to its all time high and beyond..at that $1.25 / share and put these warrants.."In-The-Money"...and open to being exercised...Most likely,..and a given scenario...Today's share price is an opportunity!!!
Comment by
TheLandedEagles on Jan 20, 2024 3:05pm
I personally have been accumulating for the last 12 months, and hold a substantial holdings of this company...waiting for this moment of its FDA approval....its a matter of WHEN...not IF...FDA, has already sent them their letter formally confirming to have an approval decision by the latest of April 2024....This is a no-brainer.