Post by
BlackBear22 on Jun 19, 2024 6:54pm
Dilution
14 Mil warrants are exercisable around $17 per shares leaves some nice profits at current stock prices but the dilution is going to erode that value very quickly. I'm not sure how many warrant holders would be willing to risk investing millions of dollars on the off chance they might be able to offload them.
I doubt we'll see a rush to exercise the warrants
Comment by
tylerreddick on Jun 19, 2024 7:26pm
No, they wouldn't risk holding this junk for a second. Anyone thinking of exercising warrants would short the stock the day before, then cover with the warrants. Guaranteed profits while the Trump sheep get fleeced.