OPT - not following the math. If R/S happened today, the PPS would be .50 and the warrants would still be valued at 2.50.
My basic premise has been and continues to be that Management cannot really monetize their investment at current prices and I would imagine they be interested in seeing the PPS go way past 2.50 post split. Remember there were alot of shares issued at .02 pre-split (equal to 2.00 post split). we are way down from there right now.
I wonder if there are some regulatory or other requirements related to the R/M that are the delay. It doesn't feel right which is why the stock pps is so low...I hope we are pleasantly surprised very soon
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.