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Tuesday, June 13, 2023 1:34:11 PM
In reality it makes no sense for warrant holders to sell if the price will appreciate significantly though it does behoove them, from tax standpoint, to convert warrants to shares now before a large increase in the share price occurs.
Combined with insiders engaging in estate planning in fact I see the increase in outstanding shares as a positive indicator of impending news. Any astute investor knows these warrants were going to be converted as that's the purpose of a derivative.
Do your own research. I am not providing legal or investment advice. This is an anonymous forum for entertainment purposes only. Don't trust anything you read.
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