Warrants are priced at $3.80 per share. Warrants are generally priced to be 'in the money' -- meaning in this case, the PPS would have to rise above $3.80 to be worth exercising.
It says GALE and it's private investors believe the stock will be worth far more than $3.80. And with the positive results GALE has experienced and the partnerships....chances are good that those warrants will be FAR, FAR, FAR into the money!
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