Unlikely as a cashless exercise (as I understand them) is
Unlikely as a cashless exercise (as I understand them) is no cash to the company but a reduction in dilution. This would make zero sense given we need cash and they are soliciting 100M increase in AS. I welcome some sort of creative idea like this though....and I hope it is something that would benefit retail shareholders also.
I believe MM’s potential ‘trick up his sleeve’ is something that all investors will benefit from, not just warrant holders.....not sure what this is but I didn’t interpret NP’s comment as another TO or something that excluded some investors......but in the same breathe I’m pretty sure he sold the TO last year as something ‘investors’ would appreciate?
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