AXAS will dilute 33 million shares at .01
via warrants issued in filing
posted about Friday 08/21/20... Additionally, Abraxas failed
to maintain the required hedges
under the 2L
from 8k filing link...06/25/20 https://www.otcmarkets.com/filing/html?id=14240586&guid=if46UKDt7oA_0Mh
8k filing about warrants...08/11/20 https://www.otcmarkets.com/filing/html?id=14330036&guid=if46UaseQ93MgMh#EX_199019_HTM
Friday closing price at .176
is over 17 times higher than
the lender is paying for shares...
They can afford to take a
little less to sell shares...
Public shareholders don't have
that big, comfy cushion...
When they do a split isn't
the biggest question...
Why did shareholders get diluted
for failure to maintain adequate
hedges after the company stated
they were completely hedged???...
So we watch...LJ