So why is there a 6 month period during which warrant cannot be exercised? Could it be that NWBO believes stock price might be able to rise substantially during next 6 months, provided the warrant is not exercised during this period?
You next post mentions stock price of $3 ... perhaps this should be "on the way to $10+".
bluesky, warrant coverage of financings are pretty standard stuff for pre-approval / cash-flow-negative small cap biotechs. I see nothing out of the ordinary. Yes, you or I can't get a LEAP option for free; but neither can we provide 11m - at least I can't ... yet:)