RVNC—…>13% [of diluted shares] in warrants, options etc is rather high.
What’s more relevant, IMO, is that RVNC is not loosey-goosey with its shares and derivatives. During 3Q17, the fully-diluted share count increased by only 0.2M.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”