Tuesday, September 18, 2018 12:45:10 PM
The warrant owner will counter with volume/pricing concerns and agree to purchase shares under the terms of the warrant provided that the company pps =x and/or volume =x.
Then Seamus Lagan will RS unless he has other funds available. I don't think he wants to RS right now but I think he is likely to go ahead if he needs the money to support any monthly negative cash flow.
He really needs to explain to retail how he intends to give shareholders value and when that will occur in the face of the warrants outstanding. I think he just believes retail will continue buying mo matter what he does.
He should put his CFO out in the public to explain since his credibility is gone.
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