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Re: spidaman post# 320947

Thursday, 10/22/2020 5:58:24 PM

Thursday, October 22, 2020 5:58:24 PM

Post# of 711180
Just caught up and saw your post.

I believe it's first Nov, followed by 15 December and Jan 2021. Yesterday about 3 million shares added to the float, which for most part accounted for the price collapse, while today much less, maybe a few hundred thousands of shares added, which is not enough to damp the price at the end.

Warrant exercising and selling to the market itself will not be a problem in Nov, Dec and Jan if topline data are announced before that, and the results are as good as we have expected, because there will be certainty from confirmed positive results, then no warrant holders will be dumb enough to exercise and sell for one or a few dollar profits because the price will be much highers as time goes by, so in that case I believe most will just hold.

In addition, I believe at least part if not a significant part of those warrants maybe naked, meaning the holders have sold/shorted against their warrants, probably occurring most likely before we knew the endpoint change in Eu clinical site at much lower price. As a result, the net warrant counts may be much less than what most people thought.

I believe buy pressure will come back again after yesterday's hiccup. I continued buying yesterday and today.

One more good sign is that Les has not appeared in the BigBiz show for quite a while. He may be doing rehearsal now for national mainstream media shows.
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