Post by
Orangotango on Feb 10, 2023 12:37pm
bid
placed 7200 shares at 5.50, commom debenture come to pick them up!
lol
Comment by
Liesstophere on Feb 10, 2023 2:22pm
Wow! are you for real? They're looking to sell Good luck with that one. You must be holding up the tower of Pisa still. stay strong
Comment by
MISTERFB on Feb 10, 2023 2:57pm
Probably a good strategy since the desire to sell shares to exercise warrants will diminsh if the share price drops too much as the risk to reward ratio changes. At some point it makes more sense not to sell but to simply exercise the warrants with cash. Remember that the shares being sold with respect to the 2021 private placement cost $8.50 each.
Comment by
maestrodrumboe on Feb 10, 2023 3:43pm
This post has been removed in accordance with Community Policy
Comment by
MISTERFB on Feb 10, 2023 3:54pm
That is interesting. Thanks Meastro I never knew that as I've never had the pleasure of exercising warrants except indirectly. Given that info I would raise that price to reward ratio higher for the exercise of these warrants. Maybe $6.00 is the line in the sand ????