Sunday, June 28, 2020 9:39:35 AM
Still see the $0.48 price though in the recent prospectus.
If the $0.48 is true and you need 30 shares ....
If the stock price is $2.00, than the warrants should be valued at $0.05 each
If the stock is $3.00, than the warrants should be valued at $0.084
Not sure on why the warrants wouldn't have been consolidated as well - that's what happens with options ....
Because what's the point of the warrants being repriced to lower if you need even more of them in order to exercise?
You get one benefit on one side, but on the other hand, you lose out.
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