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Re: Cinnyricinclus post# 103419

Saturday, 11/20/2021 11:43:35 AM

Saturday, November 20, 2021 11:43:35 AM

Post# of 122562
While the warrants as a % of the OS is one way to look at it, the other and perhaps more important is the warrant number compared to the daily average trading volume.

And that is large.

The warrants also have a strike price that the stock has been steadily creeping towards and it could become a vicious circle if the selling of the converted stock starts to push down on the pps which prompts more urgency to convert and sell.

Also the Pref B will be hanging in the wings. So it is conceivable that they will try to exercise as much as they can before the Pref B dilution begins. 250 million shares is about 3 months worth of volume…so in effect that would increase the volume by 100% and that increase would be all selling.

The math doesn’t look great.

"Harsh reality is always better than false hope"

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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