Algernon Pharmaceuticals Inc (AGNPF)

[hardworking_student]

for me the interesting part of this news (and for any warrants news really) is the terms needed to be able to exercise. for this case it is

If, at any time after the Qualification Date (as defined below) and prior to the Expiry Date, the volume weighted average trading price of the Common Shares on the Canadian Securities Exchange (the "Exchange"), or other principal exchange on which the Common Shares are listed, is greater than $1.00 for 10 consecutive trading days, the Company may, within 15 days of the occurrence of such event, deliver a notice to the holders of Warrants accelerating the Expiry Date to the date that is 30 days following the date of such notice (the "Accelerated Exercise Period"). Concurrent with the giving of such notice, the Company will also issue a press release disclosing the Accelerated Exercise Period. Any unexercised Warrants shall automatically expire at the end of the Accelerated Exercise Period.

So that company is betting on us hitting $1.00 CAD (or 0.70 USD current rates) at some point for 2 weeks.

2 weeks is the time it takes for the trial results to happen for the Canada trials.

Aside from dilution, this is exciting.