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uksausage

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Re: Dutch1 post# 11980

Tuesday, 06/07/2022 12:52:10 PM

Tuesday, June 07, 2022 12:52:10 PM

Post# of 12117
no the 33.333m at $4.50 is the $150m cash they get now

The warrants can be exercised later at $4.37 later by the companies if they want to or they expire. At that time an additional $150m or so will come into the coffers but the companies acquiring the warrants with the 33m shares could immediately sell at current market price of say say $10 making a nice profit at that time.

Price action on this pretty standard funding round was ridiculous. if it wasn't such a cheap stock I would be buying all the options. could say 3 months out (since the current bear market will be over).
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