Post by
tamaracktop on Aug 31, 2024 3:55am
Sorry. Bad math
There are 4 million warrants that were 56% out of the money 2 months ago that are now suddenly in the money.
Thats four million more shares that can be sold at a risk free profit Today, than there were two months ago.
And the risk free profit grows higher quickly with any gain in the stock.
A penny higher makes a difference.
One penny increases the return 1.3% off a 75 cent cost base.
These are facts you must confront.
There are 4 million new treasury shares for sale overhead
Comment by
tamaracktop on Sep 16, 2024 12:50pm
- August 31st. If you're very very lucky, you might be able to sell this at 85 cents. If you aren't, this tanks before the next quarterly report.
Comment by
Mostlyserious on Sep 16, 2024 3:02pm
Why would they miss out on bigger gains at a later date? That makes no sense but maybe there's something I don't understand.