Boron One Holdings Inc V.BONE

Warrants

[Myrty1]

I know this won't be a popular item to discuss as most people here are awash in warrants, but I realize the millions of warrants outstanding creates the same Share Supply issues we are with the never ending PP's. 
We have seen share price rise only to sputter out in recent months. Of course it's always a dubious pump and dump Scheme or those pesky malcontents that are the problem in our collective minds, but most likely there are shares sold to be bought back at .05 cents by way of warrant.  At least that's a big part of the supply side problem. You can't deny there isn't the incentive there for shareholders to take advantage of the situation. And why wouldn't they/we?!  Being stuck here for years on a steady decline. That's the whole point of the warrant incentive right.  You get to buy cheap shares later after the price goes up. The only thing is, it's only absorbed in small amounts, and Supply and Demand reign king in the markets!
I don't know how many warrants there are left but I would think at least 20 million off the top of my head, could it be closer to 40 million?  Has anyone kept track.  So we have to sit through 10 to 30 million more shares purchased on the open market before the share price will be allowed to rise?  Or perhaps we wait for a super news event to bring explosive demand?!  
I hate to say it but it will soon need to be time to enact that provision the force the warrant redemptions and allow the supply and demand of this thing take effect on the open market. Our current share price is informally set at the lowest price warrant holders are willing to take for a sell-off and warrant redemption. 
Now I know Lanagold and others will say they have not and will not sell share to redeem warrants, and certainly not at these low levels, but all it takes is a million or two of the millions outstanding to stall the progress.  If there's no price increase that comes on news, there are no new investors that join us, and we continue to languish. 
So the free and easy PP money raising Tim is so proud of comes back to haunt again.  Time for Tim to enact the provision, let the share price suffer for a bit, and then we can see some true SP increase in the next year. 
Just my observation and opinion.  I'd be curious to hear any thoughts on the subject.

[tmp251000]

looking at last financials and adding in PP since I figure should be roughly 138.7 million shares......latest shareholder numbers I can find suggest 144.4 million shares  ...SO calculate about 6 mllion warrants and options exercised .......in last year ...... c) Share purchase options The Company has granted directors and employees common share purchase options. Additional common share

[tmp251000]

rough calc again  4.5 million expired  6 million exercised  so roughly 70 million outstanding.....  14.7 million set to expire by  Nov 27 2021 warrants MAY slow initial surgebut will be absorbed in a month of heavy buying and selling...........remember we had a 15 million share DAY in January of this year

[Myrty1]

Thanks for the info Tmp. I hadn't even considered the expiration dates and the flood of selling that MAY come with it. So October 9 is a big date for that. Hopefully we have impactful news that drives out perceived value up through coming dilution. What's that, 9 million shares that should be bought at 7.5 cents.  That's 6 or 7 hundred thousand a handful of shareholders have to

[iamlickzy]

Myrty and tmp, thanks for taking the time and crunching the numbers to provide a fact/figure based analysis.  Dilution based and warrant execution has been in the back of my mind but the gravity of it all (after framed appropriately) is significant. Anyone else care to weigh in on this prediction?

[CriticalMind55]

No thanks, I am not stupid enough to follow suit, creating FUD!  

[iamlickzy]

Please do as I am hoping they are way off base.  With so many substantial milestones between now and then.... I personally don't see it but what do I know? I am optimistic that September is going to be a huge launch pad and the new PEA (and for the love of god Pobrdje!) will be a game changer.  Even assuming these numbers are correct, they don't take into consideration that

[Myrty1]

I'm just trying to be realistic. Wondering why the SP doesn't go up or stay up, look no further. Might be other reasons as well, but this is a big part. So 9 million cheap warrants due later this year, 27 million next year, 23 million in 2023.  Let's say there's 50 million shares so let's base our value on that amount, $195 million less 5 cents/share x 50 million. 

[Myrty1]

So now to put on my positive hat, they can provide us with some steady cash flow in the future IF, we have serious news and actions going on. The fact there is no news on Elibate is a fail. That is not something that should have been left for Temas to pay for. We were way too close and it's way too crucial. I guess if 6 million redeemed already that means our share price has dropped because

[iamlickzy]

Thought I agree it's time for the 'leader' (I use it in the loosest terms possible), we have already rebounded and are back to 11 cents : ) Grats to those who enjoyed a deeper discount.

[iamlickzy]

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