Rumor of a possible private placement for the common shares then releasing the tax constraint held on the public. The way that works is it will be taxable money coming in and buying the common shares. A 30/70 split on a warrant would have to prelude the private offering but I wouldn’t think many will stick there necks out due to the ignorance in the market.
We can change that perception here today. Do your own DD and study understand private placements along with the prelude offering of warrants. Don’t take my word on the 30/70 split. This of course will be dependent on remaining tax debt to be sold relative to the common share valuation.