Thursday, May 05, 2016 1:24:39 PM
For example: If a warrant holder convert 10 warrants at $86.80 each while the pps is at $2, that would give 434 shares worth $868. They can then sell the 434 at $1.99/share for a total of $863 which is a lost of only $5 bucks. The pps will probably then drop to 1.98 after the sale, so the next time he will convert 10 warrants at 1.98 for 438 shares. So you can see as the pps drops, they just get more shares to equal the same $86.80 warrant value. This is why the warrant holders are not screwed as the pps drops. A very clever money sucking SCAM.
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