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Re: Theburg post# 17312

Wednesday, 06/16/2021 2:31:17 PM

Wednesday, June 16, 2021 2:31:17 PM

Post# of 21540
The Series E warrants will expire worthless if they aren't exercised within a year, so I would assume that investors want to exercise them before it's too late, and then finance it by selling some of the shares they receive from exercising those warrants.

If I exercise 1000 of those warrants, I will receive 1000 shares and owe the company $8510. If the market price is $10 I can sell 851 of those shares to cover that amount, leaving me with 149 shares.

They can also choose to pay it all in cash instead and keep all their shares, in which case there won't be any additional selling pressure.

Stock price always matches the demand vs supply, so yes, if demand gets bigger relative to supply then the price goes up.
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