GeneNews Ltd fka GEN (GEN)

[finesand]

A sign of life in the last 3 trading days, good.

Seems like 4M Warrants have already been exercised .. of a maximum of 6M Warrants in the last days, from 87.93M to 91.92M.

Then we have the new financing via 5% interest notes, which has quite a low interest rate.
Note that companies under distress usually only get a 10% or over interest rate for a notes exchange.
Further more, the notes may also be exchanged for a 200% and later 50% premium of a 5 day VWAP post draw down.
This is also a quite positive attitude, emphasizing that the current trading price is too low.

Today stock bounced on the 8 day EMA and 20 day MA, while having had a pullback from the spike 2 days ago. Quite healthy. Should continue its uptrend in the next days to complete the Warrant exchange and foremost to achieve a highest possible conversion price!