5TOP, Sticky if you'd like. Agree on all fronts. There will be selling pressure from warrant holders all the way up.
To convert warrants to shares you have to notify Cytodyn and pay them. Then they will issue the shares. Can take up to two weeks to complete process from start to finish. And you are right the lag time discourages exercising with tight margins because the SP could drop significantly.
I do think warrant holders will be a little more greedy in terms of exercising because they have the ability to wait until they expire. Obviously when you get down to the last year the greed will disappear and your scenario will play out. Personally I'm going the distance - buyout. That is unless the story changes.
OK, the warrants are not new , we know this by know , they still produce/producing a lot of damage to pps , this is why some of us still talking about.....should not be a big surprise...
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