I understand that. You put a great explanation as well. Appreciated, as I am trying to improve my comprehension skill....you expansion was very pointed almost encyclopdia worthy...
But we are humans...whom are all capable of being smarter than a computer, but rarely are....
It's a tool. It is to extract capital.
In this case I beleive it represents a do not enter sign (for large/institutional sized positions)....
Still missing the point. If I hold 10m warrants at no cost; what would i do? I'd sell 10m warrants for anything better than .10 = $1m cash I'd take that $1m cash and buy .75m share of cvm. If pps doubles I have access to liquidity (it's inly 750k shares) I will have extracted $1.5m total. .....now if I were to hold these 10m warrants and pps hits 1.50 I could sell warrants at .25 vs .10 (but the warrants have no volume and you'd have 10m warrant vs 750k shares). For a moment lets assume you take the hold warrants position; your potential gain would be $2.5m (if liquidity exist) at a $1.50 pps vs gain of $1.5m if you've bought 750k shares. But you also need to invest $12.5m to extract this capital of $2.5m.
That's the do not enter sign. Every time somebody buys the stock it is adventagiues for funders to sell more for less....
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