"Until there is new news, what sane investor staring at $1.41 10 year warrants, would buy GTCB stock tomorrow?
answer, none"
I do not think your comment makes any sense! The people involved in the financing have the option of also paying $0.125 per share for the right to have warrants that are exercisable at $1.4145 for the next 10 years. Ok, these people got a great deal since they are buying 12M shares at $1.38 + getting 7.8M of the above warrants for an extra $0.125 per share.
Great for them but how does that affect an investor from buying GTCB stock tomorrow? That investor is not part of the above deal and the only way he can get in on the GTCB opportunity is to buty stock. If he can buy tomorrow at a cheaper price than the people involved in the financing did, why wouldn't he?
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