It’s nothing like desperate selling. It’s cont
Post# of 154612
(Total Views: 444)
Posted On: 03/26/2020 11:25:28 AM
It’s nothing like desperate selling. It’s controlled selling and it has been going on for months now. A lot of warrant holders can exercise at 40 cents or so. Maybe making a 150% profit on those is more than enough for them.
Anyway with all the warrants being in the money there’ll be a lot of pressure in future too. According to
10-Q per November 30th there were 177 million warrants outstanding with an average life of 3.66 years.
Average life would be 40 months now.
Let’s say there are 160 million warrants outstanding currently.
That makes an average of 4 million warrants to be exercised every month.
Almost 1 millions warrants per week exercised.
If all those shares hit the market every time they’re exercised then we can look at 200,000 new shares per trading day hitting the market.
A bit scary. And we’re going to need a constant good news flow to absorb just those numbers.
I’ve said it before: the warrants are a blessing and a curse.
Anyway with all the warrants being in the money there’ll be a lot of pressure in future too. According to
10-Q per November 30th there were 177 million warrants outstanding with an average life of 3.66 years.
Average life would be 40 months now.
Let’s say there are 160 million warrants outstanding currently.
That makes an average of 4 million warrants to be exercised every month.
Almost 1 millions warrants per week exercised.
If all those shares hit the market every time they’re exercised then we can look at 200,000 new shares per trading day hitting the market.
A bit scary. And we’re going to need a constant good news flow to absorb just those numbers.
I’ve said it before: the warrants are a blessing and a curse.
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