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Posted On: 05/15/2019 2:52:26 PM
Post# of 149008
Re: Northstar42 #2943
Shorters are waiting for opportunities like these, so there we have one group selling.
Then we have warrantholders maybe thinking their warrants can expire worthless while they can not cash the (theoretical) warrant value (the warrants are not listed) in the meantime.
For those it's a way to cash those warrants. Suppose you have 100,000 warrants. You can now sell 150,000 shares for 39 cents while those will be replaced by 150,000 shares (because of the 100,000 warrant excercise) costing 27 cents.
18,000 $ return for warrants that some warrantholders attached no value to.
There are warrantholders not believing in your scenario and are going for the quick buck.
Then we have warrantholders maybe thinking their warrants can expire worthless while they can not cash the (theoretical) warrant value (the warrants are not listed) in the meantime.
For those it's a way to cash those warrants. Suppose you have 100,000 warrants. You can now sell 150,000 shares for 39 cents while those will be replaced by 150,000 shares (because of the 100,000 warrant excercise) costing 27 cents.
18,000 $ return for warrants that some warrantholders attached no value to.
There are warrantholders not believing in your scenario and are going for the quick buck.
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