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Friday, June 07, 2019 6:51:13 PM
There are over 500m shares outstanding, and another half billion in potentially dilutive securities.
The average daily volume is 1.2m shares, which is less than $400,000 per day.
I bet a lot of the holders of 457,000,000 warrants, many with lower strike prices, are willing sellers at current prices.
Neil Woodford is looking to raise some cash.
Shares outstanding rose by 14m between the end of December and end of March. Those are not likely to be long term holders.
Seems like plenty of potential sellers to me.
The average daily volume is 1.2m shares, which is less than $400,000 per day.
I bet a lot of the holders of 457,000,000 warrants, many with lower strike prices, are willing sellers at current prices.
Neil Woodford is looking to raise some cash.
Shares outstanding rose by 14m between the end of December and end of March. Those are not likely to be long term holders.
Seems like plenty of potential sellers to me.
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